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Govt's latest tax-saver: Don't invest before reading this!

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sasi sekar
Mr. Clever Vs Mr. Idiot
by sasi sekar on May 02, 2012 10:35 PM

Hope everyone remember the failure of ONGC follow offer that happened last year. So this is a indirect way of forcing / cheating public i.e., tax benefit for you, but capital will be eaten by Government.

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Con fund
by P R on May 02, 2012 09:33 PM

So finally con cons have launched equity funds also to open newer avenues to loot. Only con men can get such idea.

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Srinivasan Iyer
by Srinivasan Iyer on May 02, 2012 05:44 PM

This is not open to Demat account holders but direct investors. With the withdrawal of ELSS, such investments should be allowed through mutual funds as such small investors will feel more secure. This will facilitate ease in investing as well as encashment after 3 years than dealing direct with the Govt agencies.

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