Get Tax benefits when investing in MFs

posted by   raman (266)   15 months ago (www.rediff.com)

The biggest tax advantage of investing in mutual funds arises from the provisions contained in Section 10(35) of the Income Tax Act, 1961, under which the entire income received by investors, whether from units issued by Unit Trust of India or those of any other mutual fund registered under the Securities and Exchange Board of India (Sebi), is fully exempt from income tax.