dividend reinvestment in ELSS
This query is : Open
02 May 2009
I have some investment in ELSS schemes under dividend reinvestment plan.
Can i claim benefit for reinvested dividend under sec.80C.
MY company has disallowed the same in my TDS as per advise they received.
Can i claim benefit for reinvested dividend under sec.80C.
MY company has disallowed the same in my TDS as per advise they received.
05 May 2009
On face of it, it should be allowed.
However, if we look at the position from the angle that such divident is not taxable (S 115 O), and to get benefit part of taxable income should be invested, other view is possible. But i find this logic to cumbersome to accept.
However, if we look at the position from the angle that such divident is not taxable (S 115 O), and to get benefit part of taxable income should be invested, other view is possible. But i find this logic to cumbersome to accept.
05 May 2009
Thank you for the reply.
Can i have concrete confirmation or other view from other experts?
Can i have concrete confirmation or other view from other experts?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
