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Planning for tax? Go for products that suit you

DNMUM404590 | 1/4/2018 | Author : Tarun Birani | WC :601 | Business & Economy

Personal Finance

When the deadline to submit investment proof approaches, most investors contemplate, “If I don’t invest now, I will have to pay taxes?” With this, the hunt for tax-saving investment begins.
A lot of options are there to choose from such as NSC, PPF, five year bank fixed deposits, NPS, life insurance, equity linked savings scheme and much more. Most of these investments are excellent choices, if they are suitable for you. However, investors generally end up making sub-optimal choices.
Investors end up selecting unsuitable tax saving investments due to the following reasons:
Best products may not be suitable for you
Multiple products are available, some have lock-in period of only three years, while others hav
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