It might be a cheaper option, but lack of clarity is choking its growth
There is a perk for donating to parties. An individual who makes an eligible donation is entitled to get 100% tax deduction under Section 80GGC of the Income Tax Act.
Only in case of equities will the nominee will automatically get the money.
With RBI likely to make credit costlier and banks to follow, some ideas on switching money to be able to do this.
Event-based volatility could rise in the near future, increasing arbitrage opportunities.
CBDT recently lowered threshold for this to Rs 8,333 a month. If you don't furnish this, a higher tax will be deducted at source from your income.
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