ELSS Mutual fund

POSTED BY Dr Prashant Dahire ON December 19, 2010 12:42 pm COMMENTS (3)

Hi am investing in Sunderam BNP Paribas ELSS mutual fund through ICICI Direct in monthly SIP

I want to ask for claiming tax deduction under section 80C which proof do we need, because i had seen monthly statements given by ICICI Direct  in that our consolidated monthly investment is not there only total no. of units and current market value of that units is there.

 

3 replies on this article “ELSS Mutual fund”

  1. Rajendran says:

    I have been inversting in ELSS via ICICI direct for the last 4 years. You can take printout of the transaction and then go to any ICICI DIRECT store and they would verify and attest the printout.

    Submit the attested copy to claim the tax exemption.

  2. Atul says:

    Hi Prashant,

    I have also been using ICICdirect platform for MF investing. In case you want statement for tax purpose please send email to ICICIdirect helpdesk and you will get it.

    Regards

    Atul

  3. Tribhuwan says:

    To claim tax exemption, you just need the accont statement of your respective ELSS MF investment which does state that your investment is eligible under sec 80C tax exemption. I do not know how ICICIdirect provide this information but ideally you should also be receiving the account statement from your AMC (Sundaram BNP Paribas in this case). If you do not receive the statement from AMC, alternatively you can go to “online investor section -> Investor mailback service ” of http://www.camsonline.com and request for a statement delivered to your email address. But you need to have your email address registered while you open MF folio.

    Hope this helps.

    -Tribhuwan

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