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Exemption for mutual funds
If I invest Rs.10,000 in Tax Exempted MF in Year 1, I will get an exemption of Rs.10,000 u/s 80C. Now if I again invest Rs.10,000 in Year 2, what is the amount of exemption that I can claim in year 2? Is it Rs. 20,000 (Year 1+Year 2) or only Rs. 10,000 invested in Year 2.
Replies (3)
just the amount inversted in that year..10000
if u reinvest any divident which is derived fron earlier investment from earlier invetment
then u can claim the same
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