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The exit load is a penalty levied by a mutual fund scheme for redeeming the investments before a stipulated period. You cannot treat it as a loss and deduct the amount from your gains once again while filing your ITR. The money you receive from the fund house (redemption proceeds) has already deducted the exit load.
When you calculate your capital gains tax on this amount, you have already factored in the exit load. You cannot deduct the exit load once again from your gains while filing Income Tax Returns. Also, your calculation is wrong. The exit load of 1 per cent on your gain ofR10,000 is R100, not R1,000 as you have calculated.
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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