Dividend reinvested in MF
This query is : Resolved
05 August 2008
Dividend declared by tax savings mutual fund if reinvested in same scheme is allowable u/s 80C?
05 August 2008
Yes, dividend income has been reinvested. It is like the situation that you have received the dividend and then issued a cheque for investment in the said MF which is otherwise elegible for deduction u/s 80C.
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