sec 80C of the income tax act
This query is : Resolved
CA Hemant T Dewani
(Querist)
09 May 2008
an assessee invest in frankline templeton invesmetn SIP plan dividend is declare & credited in my a/c time to time whethe this invesment is deducted u/s 80c of the said act
K V Subba Rao
(Expert)
09 May 2008
It all depends on whether the particular Scheme falls under ELSS category or not.
Mode of Dividend payment, that is, growth or payment has nothing to do with Sec 80-C.
It is only investment part that we talk about for qualifying u/s 80-C
Mode of Dividend payment, that is, growth or payment has nothing to do with Sec 80-C.
It is only investment part that we talk about for qualifying u/s 80-C
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