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Deduction of sip investment

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(Querist)
09 October 2015 Whether Investment in SIP is Tax Deductible and under which section ?
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praveen

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praveen (Expert)
09 October 2015 SIP is same as investing in MF but on a periodical basis. Certain MF are tax deductible they are called ELSS if SIP is in a MF where there is tax deduction then you can deduct.

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