Deduction u/s 80-C

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ajay sabharwal

ajay sabharwal (Querist)
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27 April 2010 Is investement in shares allowed as deduction????

CA Shiv

CA Shiv (Expert)
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27 April 2010 nooo.. not allowed...

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 April 2010 Amount invested in approved Equity shares of public company engaged in infrastructure including power is eligible for deduction u/s.80C

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Taranjit Singh

Taranjit Singh (Expert)
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27 April 2010 http://www.raagvamdatt.com/Saving-Income-Tax-Understanding-Section-80C-Deductions/123/

All detail on that link

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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27 April 2010 investement in shares not allowed as deduction u/s 80C.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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27 April 2010 eligible bonds are covered but not equity shares of a company.....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 April 2010 Please go to this link and refer Sec.80C and clause (xix) for Equity shares on approved public company investment deduction

It is Income tax India website link only

http://law.incometaxindia.gov.in/DIT/Income-tax-acts.aspx

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 April 2010 AGREE WITH RAMESH JI. IT IS MENTIONED THERE BUT RAMESH JI CAN YOU PLEASE TELL NAME OF ANY SUCH SHARE. OR IS IT ONLY IN IT ACT AND NO SUCH SAHRES HAS BEEN ISSUED.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 May 2010 Dear Sanjay. we cannot name like that because for that deduction the shares issue public company (which is engaging the infrastructure business claim deduction u/s 80IA)has to get apporval from the CBDT

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Deduction u/s 80-C

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