I want to ask you that can we get exemption on the amount we invest in Mutual fund.
I know that income we earned is exempt under section 10(34). But can we get exemption on the amount which we have invested in a particular year ?
Menu
Can we get Tax exemption in investing in MUtual Fund ?
Replies (1)
yes we can get exemption only if we invest in ELSS schemes of Mutual funds for example Birla sun life tax relief 96 fund.
in these type of funds lock in period of 3yrs is there.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
