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 …
Coronavirus has taken a huge toll on economy, impacting our lives in more ways that one. Amid this falling interest rates, here are two attractive investment options for those who are 60 or above— Senior Citizens Savings Scheme and LIC Pradhan Mantri Vaya Vandana Yojana. Senior Citizens Savings Scheme Touted as one of the simplest investment options, this unique scheme …
