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In which deduction sec mutual fund is to be treated?

Others 253 views 3 replies

Soumya S Gaonkar

30 Points Posted on 06 November 2021

In the deduction of 80c mutual fund is to be treated or not? in place of mutual fund I treated as LIC , is it revised ? or not?

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 06 November 2021

ELSS category of Mutual funds are eligible for 80C deduction.

Premium paid to LIC insurance policy is also eligible for deduction provided the premium paid is upto 1/10th of Assured Value.

Soumya S Gaonkar

30 Points Posted on 06 November 2021

Explain ELSS category of mutual fund plz

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 07 November 2021

Agree with djiraj ji

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