deduction us 80C
This query is : Resolved
chetan c jadhav
(Querist)
18 February 2010
Will I get deduction u/s 80C, if i invest in equity shares or debentures of xyz [ public co ] communication, power, infrastructure sector
Will I get deduction u/s 80C, if i invest in equity shares or debentures of xyz [ public co ] communication, power, infrastructure sector
18 February 2010
NO
Deduction u/s 80c is for investment in ELSS Mutual Funds and not in shares or debentures.
Deduction u/s 80c is for investment in ELSS Mutual Funds and not in shares or debentures.
chetan c jadhav
(Querist)
18 February 2010
sorry sir,
but it has been given u/s 80C( xix ), that subscricbtion to equity or dedenture of public ltd co , whre proceded are used for the purpose of business covered u/s 80IA(4)is allowable as deduction
but it has been given u/s 80C( xix ), that subscricbtion to equity or dedenture of public ltd co , whre proceded are used for the purpose of business covered u/s 80IA(4)is allowable as deduction
CMA Ramesh Krishnan
(Expert)
18 February 2010
Approved Debentures and Equity shares in pubilc company engaged in infrastucutre including power sector or units eligible U/s.80C Deduction
chetan c jadhav
(Querist)
19 February 2010
thank you sir,
But can you please tell me which are approved equity shares & debentures
But can you please tell me which are approved equity shares & debentures
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