Are all mutual fund schemes eligible for 80C deduction?
Or only ELSS is eligible?
Plz confirm.
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Eligibility of mutual funds under 80c
Replies (2)
Investments in Equity link saving schemes or ELSSs qualify for tax deduction under Section 80C of the Income Tax Act. The maximum tax deduction allowed under Section 80C is Rs 1.5 lakh under Section 80C.
That is to say, only elss is eligible and no other scheme. Right?
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