Investment in Re-investment scheme of MF.

This query is : Resolved

subhash k. sinduria (Querist)
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08 January 2008 Whether extra units of mutual fund received in "Re-investment plan" of MF can be considered as investment made under section 80C of Income Tax Act (assuming units are under ELSS scheme).
Please provide the answere with reference to Provisions of Income Tax and/or case law, if any

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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31 January 2008 if you invest by money in mf then it id invesment if bonus units are received it is not an invesment