80c
This query is : Resolved
06 January 2012
purchase of listed shares eligible for deduction u/s 80C ?
shweta bombe
(Expert)
08 January 2012
NO DECTION U/S 80C
DIVYA MITTAL
(Expert)
08 January 2012
Subscription to equity shares or debentures of an Indian Public company is allowed as deduction u/s 80C and if shares are transferred with in 3 yrs of acquisition, the entire amount of deductions allowed earlier in any previous year shall be deemed to be the income of the subscriber in the year in which it is transferred.
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