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
Menu
Elss mutual fund claim exemption reg
Replies (3)
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.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
