Since the DTC didn’t come into force in Budget 2013, ELSS funds can be used to save taxes in FY14 as well...
20-Mar-2013 •Research Desk
Is it worth to opt for ELSS funds for FY13? What's the better option for tax planning for FY14 onwards?
- Dilip Sahi
The Direct Tax Code (DTC) wasn’t implemented in this year budget, which means that we have one more year to invest in ELSS funds to avail tax benefits under Section 80C. For the current financial year, you can invest in ELSS funds before 31st March to save on taxes.