Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×
Home > Experts > Income Tax > Deduction u/s 80C in respect on investment in mutual fund


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Deduction u/s 80C in respect on investment in mutual fund (Income Tax)

Report Abuse
This query is : Resolved



( Author )
09 July 2008

What is the creteria and how do anyone come to know whether any investment in a mutual fund is allowed as deduction u/s 80C??
Where do I get a list of mutual funds which are allowed as deduction u/s 80C (if any)??


Yatesh Prakash Renuke

( Expert )
10 July 2008

Tax saver mutual funds are eligible for deduction u/s 80 C. For these mutual funds lock-in period is 3 Years. You can't withdraw or mature your MF within 3 Years.

Yatesh


CA Rajesh S

( Expert )
10 July 2008

Tax saving mutual funds are usually known as Mutual Funds Under ELSS i.e Equity Linked Saving Schemes.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top