POSTED BY March 28, 2013 8:57 pm ONE COMMENT
ONSirs
I have applied MF ELSS on 28th Mar 2013.to avail IT benefit 80C for 2012-13.
I want to know the benefit positions for the following situations
1) If units not alloted @NAV 2012-13.
2)If cheque issued not passed in 2012-13.
3)The cheque issued passed in 2012-13 but units alloted next month.
4)Units alloted in 2012-13 but cheque passed next month.
2021 © Jagoinvestor.com All Right Reserved
Dear Suresh, the date of actual allotment of UNITS ‘ll define the eligibility of FY. In case the units are allotted either on 28th or 29th March, FY 2012-2013 ‘ll be counted for tax benefit. In case units are allotted on or after 1st April, 2013, the applicable FY ‘ll be 2013-2014.
Thanks
Ashal