Deduction u/s 80c for SBI Sip Mutual Fund

This query is : Resolved

Guest

Guest (Querist)

15 December 2010 Whether Deduction u/s 80c is permissible or not. If permissible,whether there is any lock in period for investment or we can withdraw at any time

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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16 December 2010 That All Info U Got on Statement.
But No Such Withdraw Restriction Provided u/s 80c

NITIN SHARMA

NITIN SHARMA (Expert)
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16 December 2010 The deduction u/s 80c in respect of mutual funds shall be available only for the individuals and HUFs subject to the condition that mutal fund must be a notified mutual fund in accordance of sec.10(23D). There is no provision regarding the restiriction of withdraw.

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