Claiming exemption for ELSS under Sec 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2010
Helo,
I would like to know in case of joint account holders (either or survivor basis)of ELSS mutual funds, who can claim tax exemption under Sec80C for contributions made to the ELSS scheme?
I would like to know in case of joint account holders (either or survivor basis)of ELSS mutual funds, who can claim tax exemption under Sec80C for contributions made to the ELSS scheme?
Rahul Gupta
(Expert)
06 April 2010
In case of Joint holding, both the asessees can claim the benefit in the proportion of investment or any agreed ratio.
For ex. if agreed ratio is 40:60, then One will can claim 40% of the total amount and the other can claim 60%.
For ex. if agreed ratio is 40:60, then One will can claim 40% of the total amount and the other can claim 60%.
Message likes :
1 times
06 April 2010
AGREE WITH RAHUL JI
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