ELSS funds are in the limelight these days. Many taxpayers are wondering whether they should invest in ELSS funds this year to save taxes under Section 80C of the Income Tax Act. The doubts are fueled by the extreme volatility in the stock market. Some others are wondering whether they should opt for the new flat personal tax rates next year and forego all the deductions and exemptions. In other words, they are wondering whether they should say goodbye to ELSS funds next financial year.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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