Are Equity Mutual Funds Eligible For 80C? How ELSS works? ELSS mutual funds are a class of mutual funds that invest majorly in equity and equity-linked securities such as shares. They are the only kind of mutual funds that are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Which mutual
What Are The Disadvantages Of Income Tax? Taxation has the potential to decrease consumer spending, because taxes take money away from consumers and reduce disposable income. … High taxes may inhibit economic growth, and the government sometimes institutes tax cuts during periods of economic hardship to encourage spending and growth. What are the merits and
What Are 3 Good Things That Come From Taxes? The majority of tax dollars helps to fund defense, Social Security, Medicare, health programs and social safety net programs such as food stamps and disability payments, along with paying off interest on the national debt. Here’s how it breaks down. What are 3 things tax money
What Is A Benefit Of Increasing Taxes? Raising taxes results in additional revenue to pay for public programs and services. Federal programs such as Medicare and Social Security are funded by tax dollars. Infrastructure such as state roads and the interstate highway system also require taxpayer funding. What is the benefit of taxes? The most