Can I invest in Shares to save Income Tax?

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  1. AJJU SHAIKH

    AJJU SHAIKH New Member

    i want to invest in shares to save the income tax, my question is that, can we invest in the shares as per our choice to save income tax, as i don't want to go for mutual fund
     
  2. Karan Batra

    Karan Batra Well-Known Member

    No, you cannot claim Income Tax Deduction for Investment in Shares. Deduction under Section 80C is only allowed for investment in Mutual Funds.

    Moreover, not all investments in mutual funds are allowed to be claimed as a deduction. Only, the Investment in ELSS Mutual Funds can be claimed as a deduction
     
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