Mutual fund

Accounting Home Services (Finance Executive ) (733 Points)

09 February 2016

All mutual fund are applicable for deduction under section 80C

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5 Replies

CA. Ramesh Chand (Manager- Accounts & Taxation) (437 Points)
Replied 09 February 2016

No, only mutual funds if any specified shall be allowed under section 80C

Ruchi (CA) (1410 Points)
Replied 09 February 2016

Only notified units of mutual funds are eligible for deduction u/s 80C.

Accounting Home Services (Finance Executive ) (733 Points)
Replied 10 February 2016

Thanks

DILIP YAMKAR (Accountant) (23 Points)
Replied 10 February 2016

Please reply,,

Any type of Income from Mutual fund investment is taxable or not?

Accounting Home Services (Finance Executive ) (733 Points)
Replied 11 February 2016

yes income consider as a capital gain

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