Section 80c
This query is : Resolved
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.
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.
07 July 2012
Yes the same is eligible for deduction u/s 80C...
However the interest from MF will be taxable under income from other source.
However the interest from MF will be taxable under income from other source.
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
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
10 July 2012
Yes you are absolutely right.
Am really sorry for earlier view....
Am really sorry for earlier view....
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