deduction us 80C


This query is : Resolved 

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

18 February 2010 NO
Deduction u/s 80c is for investment in ELSS Mutual Funds and not in shares or debentures.

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

18 February 2010 Approved Debentures and Equity shares in pubilc company engaged in infrastucutre including power sector or units eligible U/s.80C Deduction

19 February 2010 thank you sir,

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


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