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Deduction under 80c of i.t.act

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(Querist)
13 September 2012 whether a SIP Investment in FRANKLIN INDIA PRIMA PLUS GROWTH FUND Units at the rate of Rs.1000/-P.M. is eligible for deduction under the said section as per I.T. Act.
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CA Amit Rajput

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CA Amit Rajput (Expert)
13 September 2012 No Dear only investment in Tax Saver fund will be helpful for taking deduction u/s 80 c
no sip will be used for that
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Prof. Bajaj

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Prof. Bajaj (Expert)
31 December 2012 I will put it in slightly different words.

An SIP or Lumpsum investment in a tax saver fund will be helpful for taking deduction u/s 80C.
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