ELSS fund (Equity Linked Savings Scheme), i.e., a mutual fund scheme, where tax deduction of up to Rs. 1.5 lakh (per financial year) under Section 80C
WE CAN SAY , ELSS IS A PART OF SIP AS . . .
Only investments in Equity Linked Savings Schemes (ELSSs) or tax saving mutual fund schemes qualify for a tax deduction under Section 80C of the Income Tax Act. ... Investments in ELSS qualify for a tax deduction of up to R1.5 lakh under Section80C.
AGREED !!
CAclubindia
