Are Mutual Fund Investment Taxable

This query is : Resolved 

07 March 2011 I have purchased Plan of Mutual Fund Investment from Franklin Templeton Investment and HDFC Prudence Life paying Rs 1000 from both on monthly basis
as well as paid Rs 20000/- in starting to HDFC Prudence Life

Should I considered all above while computing my taxable income

Please guide


07 March 2011 Unit Linked Insurance policy investment are allowed as deduction U/S 80C


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