Are there any tax benefits for investing in the stock market versus other types of investments?
Curious about Taxes Investment
In India, there are no specific tax benefits for investing in the stock market as compared to other types of investments. However, there are certain tax implications that differ for each type of investment. For example, gains on equity shares and equity mutual funds held for more than 1 year are taxed at a lower rate than gains on debtoriented mutual funds, gold, and real estate. Additionally, investment in taxsaving instruments like EquityLinked Saving Scheme (ELSS) mutual funds, National Pension System (NPS), and Public Provident Fund (PPF) offer tax benefits under Section 80C of the Income Tax Act, up to a maximum of INR 1.5 lakh per year.