banner_ad

Mutual fund 80c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 October 2011 Hi All

Will any investment in mutual fund can be claimed u/s 80 c or there is any condition?

My freind invests every month Rs 2000/- in bajaj mutual fund , its eqiuty based , so can i claim 24000/- as 80 C ?
Profile Image

RAJ GUPTA

Profile Image

RAJ GUPTA (Expert)
13 October 2011 Sec 80C:

Deductions are only available for specfic kind of mutual fund, ie ELSS (Equity Linked Saving Scheme). Such units are issued under three scheme ELSS- 1992; ELSS- 1992 as modified in 1998 and ELSS- 2005.
Only ELSS scheme mentioned above are eligible for getting deductions under Sec 80C.
These are also known as tax saving mutual funds.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details