Easy Office
LCI Learning

sec 80C of the income tax act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 May 2008 an assessee invest in frankline templeton invesmetn SIP plan dividend is declare & credited in my a/c time to time whethe this invesment is deducted u/s 80c of the said act
Profile Image

K V Subba Rao

Profile Image

K V Subba Rao (Expert)
09 May 2008 It all depends on whether the particular Scheme falls under ELSS category or not.

Mode of Dividend payment, that is, growth or payment has nothing to do with Sec 80-C.

It is only investment part that we talk about for qualifying u/s 80-C

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
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links