Tax eligibility of sip in 80c
This query is : Resolved
DHEERAJ BHATT
(Querist)
10 August 2017
I have invested in SIP in SBI magnum global fund-regular plan dividend. Can I claim deduction under 80c?
Trinadharao Adigarla
(Expert)
10 August 2017
YES, WE CAN CLAIM DEDUCTION U/S 80C
K Srinivas, CMA CS
(Expert)
10 August 2017
No. Sbi magnum global fund is a elss . Any investment in this fund isn't eligible under 80c
K Srinivas, CMA CS
(Expert)
11 August 2017
I am sorry. I meant sbi magnum global fund is NOT a elss. Any investment in this fund isn't eligible under 80C
ABHISHEK GARG
(Expert)
11 August 2017
It depends on your fund.
From Primary observation it seems that investment in this fund is not allowable as deduction u/s 80C, however if the fund statement and Fund manager proofs that the same is a tax Saver Plan specifically covered under 80C then you can calim deduction u/s 80C.
From Primary observation it seems that investment in this fund is not allowable as deduction u/s 80C, however if the fund statement and Fund manager proofs that the same is a tax Saver Plan specifically covered under 80C then you can calim deduction u/s 80C.
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