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
16 December 2010
That All Info U Got on Statement.
But No Such Withdraw Restriction Provided u/s 80c
But No Such Withdraw Restriction Provided u/s 80c
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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