About 80c dedcuctions
This query is : Resolved
28 June 2016
Dear All,
From Last month I Have started 2 SIP's one is DSP Black rock Micro Cap Fund Regular Plan & Another One is ICICI Prudential Value discovery Fund Growth, Can I Take the Income tax exemptions for both of this Monthly SIP's
From Last month I Have started 2 SIP's one is DSP Black rock Micro Cap Fund Regular Plan & Another One is ICICI Prudential Value discovery Fund Growth, Can I Take the Income tax exemptions for both of this Monthly SIP's
28 June 2016
Hi Ajinkya,
Basically there are variety of mutual funds, among them is the tax saving mutual funds, as the name suggests, this scheme offers tax benefits to its investors. The funds are invested in equities thereby offering long-term growth opportunities. Tax saving mutual funds (called Equity Linked Savings Schemes) has a 3-year lock-in period.
I think so that the above mutual fund although a very good performer(DSP Black Rock) but it does not come under tax saving.
Please you can gain this information from the source where you have open your account
Basically there are variety of mutual funds, among them is the tax saving mutual funds, as the name suggests, this scheme offers tax benefits to its investors. The funds are invested in equities thereby offering long-term growth opportunities. Tax saving mutual funds (called Equity Linked Savings Schemes) has a 3-year lock-in period.
I think so that the above mutual fund although a very good performer(DSP Black Rock) but it does not come under tax saving.
Please you can gain this information from the source where you have open your account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
