80C deductions

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  1. Sai Karthik

    Sai Karthik New Member

    HIiiiii all,
    every month from my client icici savings a/c an amount of 25000 is transferred to her icici direct trading a/c.

    And my dought is shall i consider that transfers as investments in mutual funds?and take deduction u/s 80C?
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Dear @Sai Karthik

    Transfer to ICICI Direct Trading Account wont be considered as investment under Section 80C in Mutual funds.

    Whenever, Mutual Funds are purchased/ amount invested in SIP, a receipt is issued for the same.

    In case of SIP, every month a receipt is sent to the mailbox of the applicant.

    You should check the receipt and check whether the amount investment in the mutual fund is allowed as deduction under Section 80C or not.
     
    Sai Karthik likes this.
  3. Sai Karthik

    Sai Karthik New Member

    Sir,

    I have his icici direct trading a/c e-login id and password.

    Can i get the details through that?

    If yes,can you tell me the procedure sir?
     
  4. Karan Batra

    Karan Batra Well-Known Member

    Login to the Demat Account. Click Mutual Funds and from there you can get the transaction statement with all details..
     
    Sai Karthik likes this.
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