Are all mutual fund schemes eligible for 80C deduction?
Or only ELSS is eligible?
Plz confirm.
Eligibility of mutual funds under 80c
"Anant" (Final Student) (152 Points)
13 September 2018
2 Replies
Vishal Soni
(88 Points)
Replied 13 September 2018
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.
"Anant"
(Final Student)
(152 Points)
Replied 13 September 2018
That is to say, only elss is eligible and no other scheme. Right?
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