Easy Office
LCI Learning

Dividend reinvested in MF

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 August 2008 Dividend declared by tax savings mutual fund if reinvested in same scheme is allowable u/s 80C?
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
05 August 2008 Yes, dividend income has been reinvested. It is like the situation that you have received the dividend and then issued a cheque for investment in the said MF which is otherwise elegible for deduction u/s 80C.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links