Deduction under 80c of i.t.act
This query is : Resolved
CA Sanjay Baheti
(Querist)
13 September 2012
whether a SIP Investment in FRANKLIN INDIA PRIMA PLUS GROWTH FUND Units at the rate of Rs.1000/-P.M. is eligible for deduction under the said section as per I.T. Act.
CA Amit Rajput
(Expert)
13 September 2012
No Dear only investment in Tax Saver fund will be helpful for taking deduction u/s 80 c
no sip will be used for that
no sip will be used for that
Prof. Bajaj
(Expert)
31 December 2012
I will put it in slightly different words.
An SIP or Lumpsum investment in a tax saver fund will be helpful for taking deduction u/s 80C.
An SIP or Lumpsum investment in a tax saver fund will be helpful for taking deduction u/s 80C.
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