Section 80c
This query is : Resolved
07 July 2012
Sir,
I have purchase the mutual fund of LIC Numra and I wanna know whether these MF is eligible for deduction u/s 80C and whether interest from these MF will be taxable or not.
I have purchase the mutual fund of LIC Numra and I wanna know whether these MF is eligible for deduction u/s 80C and whether interest from these MF will be taxable or not.
07 July 2012
Yes the same is eligible for deduction u/s 80C...
However the interest from MF will be taxable under income from other source.
However the interest from MF will be taxable under income from other source.
08 July 2012
sir,
I am agree with the deduction of 80C but as per the provision of Section 10(23D) any income of a MF registered under SEBI is exempt from tax please clarify it
I am agree with the deduction of 80C but as per the provision of Section 10(23D) any income of a MF registered under SEBI is exempt from tax please clarify it
10 July 2012
Yes you are absolutely right.
Am really sorry for earlier view....
Am really sorry for earlier view....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
