deduction us 80C

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chetan c jadhav (Querist)
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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

CA SIDHARTH HIRALAL PATNI

CA SIDHARTH HIRALAL PATNI (Expert)
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18 February 2010 NO
Deduction u/s 80c is for investment in ELSS Mutual Funds and not in shares or debentures.

chetan c jadhav

chetan c jadhav (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

chetan c jadhav (Querist)
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19 February 2010 thank you sir,

But can you please tell me which are approved equity shares & debentures

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