SCSS lose sheen without the tax benefits?
The retail investment space has seen a churn in the last few weeks on the back of Budget 2020 and actions by the Reserve Bank of India (RBI). Investors now have the choice whether or not to avail of tax deduction benefits available on small savings schemes that have formed the backbone of debt portfolios for most. Those opting for the new tax regime proposed in the budget will have to offer their income to tax without availing of any deductions or exemptions.
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