Deduction u/s 80c for SBI Sip Mutual Fund
This query is : Resolved
Guest
Guest
(Querist)
15 December 2010
Whether Deduction u/s 80c is permissible or not. If permissible,whether there is any lock in period for investment or we can withdraw at any time
CA Ayush Agarwal
(Expert)
16 December 2010
That All Info U Got on Statement.
But No Such Withdraw Restriction Provided u/s 80c
But No Such Withdraw Restriction Provided u/s 80c
NITIN SHARMA
(Expert)
16 December 2010
The deduction u/s 80c in respect of mutual funds shall be available only for the individuals and HUFs subject to the condition that mutal fund must be a notified mutual fund in accordance of sec.10(23D). There is no provision regarding the restiriction of withdraw.
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