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80c deductions

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(Querist)
07 April 2014 Sir,

Can you please clarify me, is it investments in mutual funds(SIP) as claimed deduction u/s 80c...if yes then how much? one of my friend interested in mutual funds and wand to invest in every year? please suggest me..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 April 2014 no deduction u/s 80c is avaialble for investments in mutual fund.
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nagaraju.jami@gmail.com

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nagaraju.jami@gmail.com (Querist)
07 April 2014 thank you for your kind reply
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 April 2014 you are welcome nagarjuna............
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 April 2014 Tushar are you sure? please refer section 80C(2)(xi)/(xiii)

Dear Nagaraju,

deduction is available under secion 80c.

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