Inquiry (deduction u/s 80 c of it act 1961 for mutual funds)
This query is : Resolved
07 August 2018
Respected Experts ,
I want to know that investment in SIP is deductible u/s 80 C or not? I invest in the following funds:
1: Mirae Assets Emerging Blue chip (Equity Fund)= 2000/-P.M
2: Aditya Birla Sun life Small & Mid Cap Fund(Equity Fund)=2000/- P.M
Kindly let me know about it.
Thanking You
I want to know that investment in SIP is deductible u/s 80 C or not? I invest in the following funds:
1: Mirae Assets Emerging Blue chip (Equity Fund)= 2000/-P.M
2: Aditya Birla Sun life Small & Mid Cap Fund(Equity Fund)=2000/- P.M
Kindly let me know about it.
Thanking You
09 August 2018
This is not 80C instrument.
Only dividend upto 1 Lakh is non taxable.
Only dividend upto 1 Lakh is non taxable.
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