Investment in sip

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Girish

Girish (Querist)
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24 March 2015 weather income invested in SIP under any mutual fund scheme is exempted under sec 80C or not.??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 March 2015 Tax benefit under section 80C can be availed through Systematic Investment Plan (SIP) into Equity liked saving scheme (ELSS), which limited to maximum investment of 1.50 lakh under section 80C. Only ELSS gives tax benefit.

Rupesh Jain

Rupesh Jain (Expert)
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25 March 2015 u/s 80C tax saving mutul fund are eligible.

every mutual fund are not eligible to take deduction u/s 80C. pls read the company mutual fund brochure.

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