If you keep investing in such a scheme according to the rules and duration, then you get double the money. But you should keep in mind that this is not a miracle but a rule of the scheme. Thumbnail 72 is very effective for this, which shows in how many days the money will double in the scheme. In this rule, the annual return is divided by 72. It shows that in how many days the money in the scheme will double.

1-Tax free bonds

Tax pre bonds were earlier issued only for a specific period. But the government has allowed some state government companies to issue bonds up to Rs 40,000 crore. Apart from this, huge demand is seen for PFC and NTPC bonds. The annual return on such tax free bonds is 8.20% to 8.50%. This type of bond can double money in 8-9 years.

2-Kisan Vikas Patra

Kisan Vikas Patra scheme is considered the best scheme to double the money. In this scheme, the investment used to double in the first 124 months. The government has recently changed it and reduced its duration by 1 month. Now the amount invested in this scheme doubles in 123 months i.e. 10 years 3 months.

3-Gold ETF

Investing in Gold has always been beneficial. Apart from physical gold, good earnings can be made by investing in gold ETFs and gold bonds. If you want, you can also invest in Sovereign Gold Bond. The government and the Reserve Bank run this scheme. You can invest at least one gram of gold in this. On this, 2.5 percent interest is received every year. Its lock in period is of 8 years. Money can double in Gold ETF in 8 years.

4-stock market

Stock market plays a big role in earning and doubling money. Direct stock investment carries a lot of risk, but its returns are also very high. On the other hand, if you invest money in a particular stock for a long time, the risk will be less and the returns will also be good. This return can go up to 20%. For example, Eicher Motors stock gives more than 28% returns in five years. Money doubles in such stocks in 3.5 to 4 years.

5-Real Estate

Your money can also be doubled by investing in real estate. Good rental income can be earned by investing in residential real property. This also helps in saving tax. Money invested in real estate can double in 6-7 years. But the special thing is that you have to invest a lump sum amount in real estate. In how many days the money will double, it will depend on the location and infrastructure.

The post Good News ! 5 great schemes to double money, when and how will you earn… know the details first appeared on Rightsofemployees.com.

It is not necessary that everyone has the ability to buy gold but still we get happiness when its price falls. It is also considered useful to overcome the financial challenges of the family in future. As an investment option, gold can be offered in the form of coins, bars, jewelry or paper or in the form of gold exchange-traded funds (Gold ETFs), sovereign gold bonds (SGBs) issued by the Reserve Bank of India and gold mutual funds (Gold MFs), etc.

You can buy through. But do you know the maximum amount of gold a person can hold in India? Even though most Indian households buy and own gold, they should be aware of the legal limits on how much gold they can hold. The Gold Control Act was established in our country in the year 1968.

This law prohibited citizens from holding more than a certain amount of gold. However, this act was abolished in 1990. At present there is no restriction on the quantity of gold in India but the holder must have valid source and documents related to gold.

Separate limits for both men and women

TradeSmart President Vijay Singhania told CNBC-TV18.com that guidelines have been framed for Income Tax officials at the time of seizure of property during an income tax raid. According to these instructions, jewelery or jewelery cannot be confiscated to a certain extent on the basis of gender and marital status of the person.

How many ornaments can you hold?

A married woman can keep gold ornaments up to 500 grams and unmarried women up to 250 grams without papers. Whereas for men, the CBDT has fixed a limit of 100 grams for each male member of the family, irrespective of their marital status. To this extent gold cannot be confiscated even during raids by the Income Tax Department.

This means that if you have valid sources and documents available to you to keep gold, then there is no limit for this, but these rules have been made only to relieve the taxpayers from confiscation of their jewelery during raids.

What are the tax rules on gold?

Determination of tax on gold investment depends on the period of holding, ie, the period of holding by the taxpayer. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 per cent (excluding education cess and surcharge) and short term capital gain as applicable to the investor. Taxable at tax slab. Gold ETFs/Gold MFs are also taxable like physical gold.

Whereas in case of bonds, if they are held till maturity, they are tax-free. However, capital gains are payable on transactions of physical gold or ETFs or Gold MFs. The bonds are traded in demat form on the exchanges and can be redeemed after the fifth year. If the bond is sold before maturity, it is taxable at 20 per cent.

The post Guidelines for Gold: You have also kept gold in the house, See the new guideline, otherwise… first appeared on Rightsofemployees.com.