tax exemption query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2010
i haveRs.50000 in PPF A/C and 20000 in LIC.where i should invest to get tax exemption?
is investing in mutual funds is eligible for tax exemption?
is investing in mutual funds is eligible for tax exemption?
30 December 2010
yes... in ELSS schemes (Equity Linked Savings Scheme)
30 December 2010
Yes
you can avail the benefit of Tax exemption u/s 80c upto Rs 110000
( sub to Rs 10000 should be invested in Infrastructure Fund).
you can avail the benefit of Tax exemption u/s 80c upto Rs 110000
( sub to Rs 10000 should be invested in Infrastructure Fund).
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