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Mutual fund investment made on 31march 22 evening for 80c

Tax queries 277 views 3 replies

Assessee made payment for mutual fund investment on 31-3-2022 evening. But the company took the transaction date 1-4-22. What is his position? Can we use the investment for 80c for assessment year 22-23?

Replies (3)
Yes, You can take deduction If your funds are deducted on 31-03-2022 & your bank statement clearly reflects that Payment is done from yourside.

Thank you so much sir...

If payment done after working hours, it is not accepted. Next working day is considered.


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