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Save taxes using the mutual fund route
Published On , 24 Oct 2016 By ET Wealth
We are already halfway through the current financial year. In another three months, we will have to submit proof for Tax Savings for the year. In our rush to comply with the Tax Saving rules, often we make mistakes that could impact our finances for several years. The year-end rush could also temporarily destabilise your monthly budget. So it’s better to start early. Ask any qualified and experienced financial planner or advisor, ELSS is likely to be the preferred Tax Saving instrument for most.
These are mutual fund schemes approved by the tax authorities for saving on taxes under 80c of Income Tax Act and managed by fund houses.
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