Whether Investment made in SIP is deductible or not as per Section 80C of Income tax Act ?
Menu
Is SIP deductible U/s 80C ?
Replies (8)
In case the SIP is in ELSS, then it would qualify for the deduction u/s 80C
Yes... If the Investment fall under 80 C
Yes if SIP is in TAx saving schemes.
SIP Investment thru mutual funds for ELSS and Pension scheme is eligible for deduction under section 80C
Kindly note that other Investments in SIP Like Diverrsified Equity Funds will not qualify for Deductions Under Section 80C
It would depend on which scheme you are investing. it will depend from scheme to scheme
it will be deductible only when SIP is in ELSS fund with a lock-in-period of 3 years..........
As per Mr. Rajendra Kumar Pandey is Absolutely correct. The SIP (Systematic Investment Plan) must be in ELSS (Equity Link Savings Scheme) with 3 year Lock in Period for deduction U/s- 80C.
Recent Threads
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
Related Threads
CAclubindia
