Benefit of 80c investment against capital gains from shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2016
Hi,
I have some capital gains from sale of shares on recognised stock exchange BSE & NSE.
I understand that this income is taxable at special rate of 15% plus cess applicable.
If I Invest money in Mutual Funds (Equity Linked Saving Scheme) u/s 80C , will I be able to claim deduction against this income.
Thanks in advance
I have some capital gains from sale of shares on recognised stock exchange BSE & NSE.
I understand that this income is taxable at special rate of 15% plus cess applicable.
If I Invest money in Mutual Funds (Equity Linked Saving Scheme) u/s 80C , will I be able to claim deduction against this income.
Thanks in advance
18 September 2016
No. Inference- section 111A (2).
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