SIP deduction

12 March 2019

Are SiP eligible for deduction under 80C

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4 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 12 March 2019

yes they are.

Swathi (CA & CMA) (103 Points)
Replied 12 March 2019

Hi.

Yes, SIP eligible to deduction U/s 80C ( all items under 80C do not exceed 1.5 laks).

khalid (soical work) (222 Points)
Replied 12 March 2019

Only investments in Equity Linked Savings Schemes (ELSSs) or tax saving mutual fund schemes qualify for a tax deduction under Section 80C.

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SHUBH SHARMA (2 Points)
Replied 12 March 2019

Yes, if such Sip are in ELSS scheme or they specift for provide deduction u/s 80c

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