06 April 2010
Helo, I would like to know in case of joint account holders (either or survivor basis)of ELSS mutual funds, who can claim tax exemption under Sec80C for contributions made to the ELSS scheme?
06 April 2010
In case of Joint holding, both the asessees can claim the benefit in the proportion of investment or any agreed ratio. For ex. if agreed ratio is 40:60, then One will can claim 40% of the total amount and the other can claim 60%.
CAclubindia
