Sip treatment
This query is : Resolved
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
income earn 4000 on sip what is treatment income tax return..
whether sip benefit is claim deduction u/s 80c or not
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
Kindly like if my response has helped you
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
Kindly like if my response has helped you
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