07 July 2012
Sir, I have purchase the mutual fund of LIC Numra and I wanna know whether these MF is eligible for deduction u/s 80C and whether interest from these MF will be taxable or not.
08 July 2012
sir, I am agree with the deduction of 80C but as per the provision of Section 10(23D) any income of a MF registered under SEBI is exempt from tax please clarify it
CAclubindia
