Which of the following funds is a tax-saving fund under the income-tax regime that permits investment…
The Equity Linked Savings Scheme is a tax-saving mutual fund. Investment qualifies for the deduction for specified savings under the Income-tax Act, 2025 when the taxpayer…
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Which of the following funds is a tax-saving fund under the income-tax regime that permits investment deductions?
Answer and explanation
Correct answer B
The Equity Linked Savings Scheme is a tax-saving mutual fund. Investment qualifies for the deduction for specified savings under the Income-tax Act, 2025 when the taxpayer uses the regime allowing that deduction; the default concessional regime does not allow it.
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Telangana SET (TG SET)