Deduction u/s 80C in respect on investment in mutual fund
This query is : Resolved
Kunal Mehta
(Querist)
09 July 2008
What is the creteria and how do anyone come to know whether any investment in a mutual fund is allowed as deduction u/s 80C??
Where do I get a list of mutual funds which are allowed as deduction u/s 80C (if any)??
Where do I get a list of mutual funds which are allowed as deduction u/s 80C (if any)??
10 July 2008
Tax saver mutual funds are eligible for deduction u/s 80 C. For these mutual funds lock-in period is 3 Years. You can't withdraw or mature your MF within 3 Years.
Yatesh
Yatesh
CA Rajesh S
(Expert)
10 July 2008
Tax saving mutual funds are usually known as Mutual Funds Under ELSS i.e Equity Linked Saving Schemes.
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