Good Day everyone,
I have a query regarding ELSS investment made this year on 28th of March. So due to some reason the Net Asset Value applicable on this investment will be of 1st April but the amount was debited on 28th March. The order was accepted by the Fund House which means the amount has reached them and also they have started processing the order too today. So will this investment be eligible for 80C deduction this year or next FY?
I have checked articles online on this subject but have found only Fund houses sharing their opinion, found no opinion from a qualified CA. More clarity from the community will be much appreciated.
Thanks and Regards,
Akshay Rautela
Menu
ELSS investment eligibility under 80C
Replies (2)
Quick Summary
Check the units allotment date & take decision.
Unlock the dual benefits of tax savings and growth potential with ELSS Funds through our comprehensive guide. Learn how to optimize your investments in Equity Linked Savings Schemes to save on taxes and build wealth simultaneously, ensuring a secure financial future.
Click here to know more: https://www.tatacapitalmoneyfy.com/mutual-funds/sebi-categories-equity/elss
Recent Topics :
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
Related Topics :
CAclubindia
