Section 80c

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CAN I START MAKING INVESTMENT U/S 80C ON 1ST APRIL 2016 ITSELF FOR FY 2016-17. I AM ASKING THIS AS IT IS SAID THAT THE INVESTMENT HAS TO BEMADE FROM TAXABLE INCOME AND SINCE ON 1ST APRIL I WOULD NOT HAVE RECIEVED ANY TAXABLE INCOME.
Replies (10)

Its okay. You may invest on 1st April for the FY 2016-17

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. 

THANK YOU.

SO , I CAN INVEST FULL RS 150000/- ON 1ST APRIL ITSELF IN AN ELSS FUND.

RIGHT?

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.

 

Lock-in period for ELSS is 3 years.

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.cheeky

 

you can made investment from 01.04.2016 for financial year 2016-17

 

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.

THANK YOU ALL !

IT WOULD BE VERY HELPFUL !

Conditions of savings made and invested out of income taxable only is no longer applicable for section 80C. Applicable for section 80CCC.


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