sarthak (articles) (47 Points)
30 March 2016
Mihir
(Wealth Manager)
(5293 Points)
Replied 30 March 2016
Its okay. You may invest on 1st April for the FY 2016-17
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 30 March 2016
you can make investments, its to be deemed to be income of current year, and if in current year your income comes below threshold limit you will not be in position to claim 80C,
claim of 80C is a different paramenter, while the investment is different parameter.
sarthak
(articles)
(47 Points)
Replied 30 March 2016
THANK YOU.
SO , I CAN INVEST FULL RS 150000/- ON 1ST APRIL ITSELF IN AN ELSS FUND.
RIGHT?
shweta bhatter
(CA)
(173 Points)
Replied 30 March 2016
if the funds are eligible for 80C deduction, you can. But it is suggested to opt for other investment options as well for diversity of funds.
shweta bhatter
(CA)
(173 Points)
Replied 30 March 2016
ou must always remember to do thorough research when you invest in an ELSS fund. You must look at the long term performance of the fund before putting your money in it. Also remember to look at the fund details like the fund manager’s investment approach, portfolio of the fund, the expense ratio of the fund and how volatile the fund has been in the past.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
manoj
(student)
(5205 Points)
Replied 30 March 2016
you can made investment from 01.04.2016 for financial year 2016-17
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 30 March 2016
You may invest anytime during the period from 1.4.2016 to 31.3.2017. But investment should not be made out of Tax Free Income.
Rajesh Kumar Gupta
(Senior Divisional Manager)
(714 Points)
Replied 30 March 2016
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
