Section 80C
This query is : Resolved
CA PAWAN SETHI
(Querist)
11 December 2008
Whether the amount deposited under Mutual Fund SIP (Systematic Investment Plan)are covered under Sec 80C.
CA Tilak Raj Sharma
(Expert)
11 December 2008
All mutual funds are not covered by sec 80c. you can also invest in SIP and enjoy the benefits of 80c. You have consult the concerned agent or bank in this behalf.
Remember mutual funds covered by 80c shuld have a lock in period of minimum 3 years. and it is mentioned on the MF that they are covered by 80c or not.
Remember mutual funds covered by 80c shuld have a lock in period of minimum 3 years. and it is mentioned on the MF that they are covered by 80c or not.
11 December 2008
only ELSS are covered by sec 80C
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
