deduction u/s 80 c
This query is : Resolved
23 July 2011
i have invested in mutual fund & got deduction u/s 80c. now in this year i got dividend of rs 50000. but this money was not recd by me in cash but infact they issue me new units for those 50000 rs. now can i claim 50000 as deduction u/s 80c.
CA. Krishna K Neeraj
(Expert)
25 July 2011
NO YOU WILL NOT GET 80C DEDUCTION IN THIS CASE
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