For AY 2007-08, what mutual funds are eligible for Sec 80 C?Your Email : colmitra@……….com
The mutual funds eligible for 80C deduction are almost all the mutual funds which are recognized by SEBI. Section 80C under sun section [xiii] states as under
“(xiii) as subscription to any units of any Mutual Fund notified under clause (23D) of section 10 or from the Administrator or the specified company under any plan formulated in accordance with such scheme as the Central Government may, by notification in the Official Gazette, specify in this behalf;”
You can get the list of notified mutual funds u/s 10[23D ] here.
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