Mutual fund unit inclusion expands deduction scope to units of specified mutual funds that subscribe only to eligible capital issues. The amendment adds units of specified mutual funds to the class of investments eligible for deduction, provided the mutual fund is specified under the law ... Summary
Mutual fund unit inclusion expands deduction scope to units of specified mutual funds that subscribe only to eligible capital issues.
The amendment adds units of specified mutual funds to the class of investments eligible for deduction, provided the mutual fund is specified under the law and subscribes only to eligible issues of capital, thereby treating those units as qualifying for the deduction.
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