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SIP deduction
Are SiP eligible for deduction under 80C
Replies (4)
yes they are.
Hi.
Yes, SIP eligible to deduction U/s 80C ( all items under 80C do not exceed 1.5 laks).
Only investments in Equity Linked Savings Schemes (ELSSs) or tax saving mutual fund schemes qualify for a tax deduction under Section 80C.
Yes, if such Sip are in ELSS scheme or they specift for provide deduction u/s 80c
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