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Showing posts from September, 2013

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What every Tax Payer needs to know about Mutual Fund ELSS?

Why would you want to use other tax saving investments, when you can invest in mutual fund ELSS? Mutual Fund ELSS is among the most potent tax saving options available with the salaried class in India, at the moment. There are several reasons for which Mutual Fund ELSS may be considered a niche product on offer for the tax-payer angling to save their precious moolah. The advantages that Mutual Fund ELSS offers, gives it a clear edge over other tax savings options and makes it a potentially strong tax planning instrument in the hands of the taxpaying employee. In order to understand Mutual Fund ELSS in a more succinct manner, a few basic things about this favored tax-saving option are presented in a FAQ format. What is Mutual Fund ELSS? The Income Tax Act permits exemption up to Rs. 1 lakh under Section 80C to salaried employees every year. In order to avail of this exemption, taxpayers have to invest in certain designated schemes specified. Mutual Fund ELSS or Equity-linked...

Thanga Meengal: A Honest & Very Brave Cinema

Thanga Meengal is a sincere, honest and a brave cinema, it is not an ordinary & routine Tamil film that comes every Friday. Thanga Meengal tells the story of a Father a school dropout who doesn’t have any regular job struggling to make ends meet, his daughter is his world and the two share great affection and care. Kalyani (Ram) is married to Vadivu (Shelly) and is working in a silver polish unit. His daughter Chellama (Sadhana) is studying in a Matriculation School, he is unable to pay the school fees since his salary is due for more than four months. He goes to work in Kochi and the rest of the story is how he gets back to his daughter is told in a heartwarming manner. Kalyani’s father played by ‘Poo’ Ram is a retired government teacher who takes care of the entire family. Chellama is unable to cope with the teaching style adopted in the school & she is ridiculed by the teachers and the students, she has learning disability similar to what we saw in ‘Taare Zameen ...