SIP Deposits
This query is : Resolved
Saurabh Garg
(Querist)
26 September 2010
Is monthly Deposits in SIp's are Liable for Deduction Under sec. 80 C.
are thy r reyuired to be shown at book value or Current market value...
For Proprietary concern....
are thy r reyuired to be shown at book value or Current market value...
For Proprietary concern....
CA E.A.Ravikumar
(Expert)
26 September 2010
I believe the SIP pertains to mutual funds. Only subscritpions to notified mutual funds are eligible under 80C. In case if the investments mentioned are eligible then it is the amount that is invested that has to be considered
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