dividend reinvestment in ELSS

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Ketan Shah (Querist)
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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.

Rajesh Kumar

Rajesh Kumar (Expert)
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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.

Ketan Shah

Ketan Shah (Querist)
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05 May 2009 Thank you for the reply.
Can i have concrete confirmation or other view from other experts?

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