Investment in tax saver mf

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2013 I have invested in Franklin Tax Saver Mf on 28/03/2012. However, due to continous Bank Holidays, the cheque got cleared on 02/04/2013.
Whether i would get the deduction in FY 2011-12 or 2012-13???

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

03 April 2013 In case of hounering of cheque then the date of deposit into the bank shall be consider as the the date of payment or investment. Thus in your case you get the benefit in F.Y 2011-12.

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2013 Thank You.
However, i would like to know whether i have the option of claiming the same in FY 2012-13 as my limit of Rs. 1 Lakh is already exhausted in FY 11-12.

JAI SAI.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

04 April 2013 If the date of deposit mentioned on the bond/fund is on or after 1-4-2012 then you can use it for F.Y 2012-13.

OM SAI SRI SAI JAI JAI SAI

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