As suggested by you in some of your posts that we should not invest in ULIP Life insurance policies, so I’m closing my ULIP Life insurance policy of 20,000/yr. But because of this I’m felling short of 20K Rs. in my 80c.
I’m already investing 48,000/yr in ELSS MF.
Now could you please suggest which the best option for Sec.80C where I can Invest before end of financial year?
Thanks in advance
Whether your main intention of investing is for reaching your financial goals or TAX SAVING ONLY? By shortfall of Rs.20,000 investment under Sec.80C investment, how much tax you have to pay? Whether all your tax saving investments are linked to your financial goals??
My intention of investing is to achieve financial goals. By shortfall of 20K as per my understanding I’ll have to pay 20% tax. Yes all of my tax saving investments are linked to financial goals.