I am 70-year-old and have got long term capital gain money of ₹15 lacs by selling 30-year-old residential property. Alternatively, I can invest 15 Lacs in Pradhan Mantri Vaya Vandana Yojana with a higher interest rate but I will have to pay upfront 20 percent tax now on a long term gain of 15 Lacs. Your investment in Capital Gain …
PMVVY vs SCSS: Amid lowering fixed deposit interest rates at leading Indian banks, senior citizens are busy finding out better risk-free investment option. Speaking on Senior Citizen Saving Scheme vs PMVVY Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "Both SCSS and PMVVY yields 7.4 per cent annual interest rate. Since, there are speculations that Government of India …
