Deduction U/s 80 C
This query is : Resolved
13 March 2008
is Investment in Mutual Fund is eligible for Deduction U/s 80c or any other section for income tax.
13 March 2008
Investment in mutual fund units, proceeding of which r utilised for developing etc. of new infrastructure facility are eligible for deduction u/s 80c.
13 March 2008
Mr rajkumar, if investments are in equity linked insuarnce, then yes; but if the investments are iin pure mutal fund, i.e., not equity linked insuance then No.
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