Can we get Tax exemption in investing in MUtual Fund ?

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))   (8311 Points)

21 April 2011  

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 ?