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Sip treatment

This query is : Resolved 
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(Querist)
27 August 2016 i have invest 2000 per month systematic investment plan. after one year i have received 28000.
income earn 4000 on sip what is treatment income tax return..
whether sip benefit is claim deduction u/s 80c or not
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ACA Anurag

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ACA Anurag (Expert)
28 August 2016 Dear Sumit,

Only investments in equity-linked saving schemes and pension plans get deduction under Section 80C as investment in mutual fund is not Eligibke for deduction.

It would be treated as normal income

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