section 80C

Income tax news: Is the dividend reinvested under ELSS scheme eligible for deduction under section 80C? | Mint

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I have invested in an ELSS scheme under the Dividend Reinvestment Plan. Does the reinvestment of dividends qualify for a rebate under Sec 80C? Yes. The dividend reinvested is treated as a fresh investment in the ELSS. Therefore, it is eligible for deduction u/s 80C within the overall limit of ₹1.50 lakh during the financial … Read more

These 6 post office savings schemes offer income tax deductions under section 80C | Mint

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If you plan to opt for the old tax regime at the time of filing of income tax return (ITR) in July this year, you are entitled to claim income tax deduction. There are a number of tax-saving options which enable you to claim deduction such as those offered under section 80C of Income Tax … Read more