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Mutual Fund Re-investment plan

Tax queries 1116 views 3 replies
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service
37 Points Posted on 08 January 2008
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).
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On 08 January 2008 at 14:19 Report
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Service
135 Points Posted on 08 January 2008
no
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On 08 January 2008 at 14:54
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service
37 Points Posted on 08 January 2008
Please provide the answere with reason & reference to sections or case law, if any.
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On 08 January 2008 at 14:58
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Service
135 Points Posted on 08 January 2008
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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On 08 January 2008 at 15:04


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