Investment in sip
This query is : Resolved
24 March 2015
weather income invested in SIP under any mutual fund scheme is exempted under sec 80C or not.??
25 March 2015
Tax benefit under section 80C can be availed through Systematic Investment Plan (SIP) into Equity liked saving scheme (ELSS), which limited to maximum investment of 1.50 lakh under section 80C. Only ELSS gives tax benefit.
Rupesh Jain
(Expert)
25 March 2015
u/s 80C tax saving mutul fund are eligible.
every mutual fund are not eligible to take deduction u/s 80C. pls read the company mutual fund brochure.
every mutual fund are not eligible to take deduction u/s 80C. pls read the company mutual fund brochure.
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