if i purchased mutual finds eligible for deduction u/s 80c by cheque before 31-3-09 but d cheque bounced on 10-4-09 and my holding was cancelled and i had to again re-purchase d mfs. in which financial yr. wil the mfs be eligibl efor deduction??
nikita jain (final student) (77 Points)
28 July 2009if i purchased mutual finds eligible for deduction u/s 80c by cheque before 31-3-09 but d cheque bounced on 10-4-09 and my holding was cancelled and i had to again re-purchase d mfs. in which financial yr. wil the mfs be eligibl efor deduction??
Anuraag
(CA Student)
(44 Points)
Replied 28 July 2009
Originally posted by :nikita jain | ||
" | if i purchased mutual finds eligible for deduction u/s 80c by cheque before 31-3-09 but d cheque bounced on 10-4-09 and my holding was cancelled and i had to again re-purchase d mfs. in which financial yr. wil the mfs be eligibl efor deduction?? | " |
No ... u cannot claim u/s 80C for A.Y. 2009-10 but its elegible for the next A.Y.year...