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(Querist)
04 August 2009 Hi

Can i get deduction under Sec- 80C for investment in equity shares (I,e, IPO) of infrastructure companies like NHPC


Thanks
sanjay
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 NO. The deduction was for bonds for 3 years holding period atleast. You can sell the same as soon as allotment is made. Hence no.
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Sanjay Kumar

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Sanjay Kumar (Querist)
05 August 2009 thanks very much.
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