Elss Comes Under Which Section An ELSS fund or an equity linked savings scheme is the only kind of mutual funds eligible for tax deductions under the provisions
ELSS or Equity Linked Savings Scheme are tax saving mutual funds in India They combine the benefits of equity investments with tax deductions under Should You Invest in ELSS Funds Under the New Tax Regime To get an answer to this we can compare ELSS funds with flexi cap funds which have the same investment style as that of ELSS funds
Elss Comes Under Which Section
Elss Comes Under Which Section
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An Equity Linked Savings Scheme ELSS is an open ended Equity Mutual Fund which gives following advantage Opportunity to grow your money Qualifies for tax Section 80C Investment in ELSS Fund or Tax Saving Mutual Fund is considered as the best tax saving option These funds are specially designed to give you dual benefit of saving taxes and getting higher
Tax benefits under section 80C ELSS funds also offer tax benefits unlike other regular mutual funds and your tax liability also comes down as a result In this way ELSS It comes under Section 80C of the Income Tax Act and offers tax exemption of up to Rs 1 50 000 from the annual taxable income What is ELSS Equity
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ELSS Tax Saving Funds ELSS Equity Linked Savings Scheme is a type of mutual fund that invests primarily in equity and equity related instruments It provides tax benefits under Section 80C of the Equity linked savings schemes popularly known as ELSS are diversified equity mutual fund schemes offered by Asset Management Companies AMCs in India They offer tax benefits under Section 80C of the
ELSS is the name given to tax saving mutual funds where the portfolio is mostly invested in equity funds or equity related funds It is also known as the tax saving scheme as it The investment in ELSS funds are eligible for tax deductions under Section 80C of the Income Tax Act ELSS tax benefits can be claimed up to 1 5 lakhs per year
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An ELSS fund or an equity linked savings scheme is the only kind of mutual funds eligible for tax deductions under the provisions
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ELSS or Equity Linked Savings Scheme are tax saving mutual funds in India They combine the benefits of equity investments with tax deductions under
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Elss Comes Under Which Section - Tax benefits under section 80C ELSS funds also offer tax benefits unlike other regular mutual funds and your tax liability also comes down as a result In this way ELSS