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

Tax queries 253 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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details