'Mutual fund instruments' diaporamas de présentation

Do mutual fund investments qualify for a tax deduction?

Yes, mutual funds do qualify for a deduction under section 80C of the Income Tax Act.<br><br>However you should be careful while purchasing a mutual fund if you intend to save taxes as well as earn money on investments. This is because only the Equity Linked savings schemes (ELSS) under mutual funds qualify for deductions from taxable income.<br><br>These are the savings schemes that generally have a lock in period of 3 years. This means that these mutual fund instruments cannot be sold for 3 years from the date of purchase.<br> https://www.hrblock.in

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