Deduction under 80C

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student
8138 Points Posted on 02 April 2021

Is investment in any mutual fund will be eligible for deduction under 80C?

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On 02 April 2021 at 21:47 Report
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Quick Summary
Not all mutual funds are eligible for deductions under Section 80C of the Income Tax Act. Only investments made in Equity Linked Savings Schemes (ELSS) qualify. Ensure your chosen fund is specifically an ELSS to benefit from this tax deduction.

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Chartered Accountant
24588 Points Posted on 02 April 2021
Yes it will comes under deduction under section 80C
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On 02 April 2021 at 22:03
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17269 Points Posted on 03 April 2021
Investment only under equity linked saving scheme ELSS .
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On 03 April 2021 at 09:34
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Chartered Accountant
5010 Points Posted on 03 April 2021

Invest in those schemes which are eligible under ELSS. 

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On 03 April 2021 at 12:31
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2742 Points Posted on 11 April 2021
YES , If they are ELSS
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On 11 April 2021 at 20:31

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