27 February 2009
If you check, in most of the MF, on which we get deduction u/s 80C, have a lockin period of atleast 3 years. You can not sell them before the expiry of 3 years. So pls clarify, for which MF u are talking about.
01 March 2009
You can claim exemption.but it will become taxable in the next year. in my opinion there are also restrictions frm the mutual fund agst withdrawl of same.
CAclubindia
