Tax eligibility of sip in 80c
This query is : Resolved
10 August 2017
I have invested in SIP in SBI magnum global fund-regular plan dividend. Can I claim deduction under 80c?
10 August 2017
YES, WE CAN CLAIM DEDUCTION U/S 80C
10 August 2017
No. Sbi magnum global fund is a elss . Any investment in this fund isn't eligible under 80c
11 August 2017
I am sorry. I meant sbi magnum global fund is NOT a elss. Any investment in this fund isn't eligible under 80C
11 August 2017
It depends on your fund.
From Primary observation it seems that investment in this fund is not allowable as deduction u/s 80C, however if the fund statement and Fund manager proofs that the same is a tax Saver Plan specifically covered under 80C then you can calim deduction u/s 80C.
From Primary observation it seems that investment in this fund is not allowable as deduction u/s 80C, however if the fund statement and Fund manager proofs that the same is a tax Saver Plan specifically covered under 80C then you can calim deduction u/s 80C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
