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

Tax queries 177 views 3 replies
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Accountant
261 Points Joined July 2012

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?

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On 26 July 2022 at 22:19 Report
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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.
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On 26 July 2022 at 23:32
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Accountant
261 Points Joined July 2012

Thank you so much sir...

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On 27 July 2022 at 00:25
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SEO Sai Gr. Hosp.
208697 Points Joined July 2016

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

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On 27 July 2022 at 13:58


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