Investment in Re-investment scheme of MF.
This query is : Resolved
subhash k. sinduria
(Querist)
08 January 2008
Whether extra units of mutual fund received in "Re-investment plan" of MF can be considered as investment made under section 80C of Income Tax Act (assuming units are under ELSS scheme).
Please provide the answere with reference to Provisions of Income Tax and/or case law, if any
Please provide the answere with reference to Provisions of Income Tax and/or case law, if any
CA Hemant T Dewani
(Expert)
31 January 2008
if you invest by money in mf then it id invesment if bonus units are received it is not an invesment
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