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Mutual Fund Re-investment plan
Whether extra units of mutual fund received in "Re-investment plan" of MF can be considered as investment made under section 80C of Income Tax Act (assuming units are under ELSS scheme).
Replies (3)
no
Please provide the answere with reason & reference to sections or case law, if any.
benefit u/s 80c is allowed only if you invest from your income. for details please go through chapter VIA sec 80c
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