Sir,
I have one doubt, I am investing in Mutual Fund ELSS Scheme in my wife name. She is homemaker. Can I claim income tax exemption. Please quote the section and If any order available.
Thanking you
T.R.RAVIANAND
Sir,
I have one doubt, I am investing in Mutual Fund ELSS Scheme in my wife name. She is homemaker. Can I claim income tax exemption. Please quote the section and If any order available.
Thanking you
T.R.RAVIANAND
No, you cannot claim the said investment u/s. 80C. Only the amount invested in your name is eligible.
Sir
It is eligible in other any section of income tax
Thanking you
T.R.RAVIANAND
No. Not eligible for deduction in any other section.
Moreover, capital gains on redemption of the units will be clubbed in your account.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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