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Benefit of 80c investment against capital gains from shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2016 Hi,

I have some capital gains from sale of shares on recognised stock exchange BSE & NSE.

I understand that this income is taxable at special rate of 15% plus cess applicable.

If I Invest money in Mutual Funds (Equity Linked Saving Scheme) u/s 80C , will I be able to claim deduction against this income.

Thanks in advance
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 September 2016 No. Inference- section 111A (2).

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