i have invested in tax saving mutual funds like sbi magnum tax saving scheme direct plan growth. can i claim deduction under 80C or 80CCG?
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Tax saving mutual funds
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Claim this under 80C within overall limit of Rs 150000/-
You can claim Deduction under Section 80C of the Income Tax Act 1961 upto Rs. 1,50,000/-
1. Yes, you can claim deductions u/s 80C it will be considered as allowable deductions with a maximum deduction of Rs. 1.5 lakhs.
Please correct me if the above solution has an alternative view.
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