Investment in mutual fund (equity oriented fund)
This query is : Resolved
23 November 2012
Does investment in mutual fund ie equity oriented fund like Reliance growth fund, HDFC TOP 200, DSP top 100 qualify for Tax Deductions u/s 80C....... I want to know whether this instrument qualify for 80C deduction other than ELSS scheme.......
Please Help
Please Help
23 November 2012
Only investment in ELSS scheme is eligible for deduction u/s 80C.
25 November 2012
Yes I am absolutely sure. These schemes are known as tax saving mutual funds.
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