Please Help Me With This....

Discussion in 'Taxation Matters' started by siva73, Mar 20, 2007.

  1. siva73

    siva73 New Member

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    Hi...

    I had purchased ABN AMRO Tax Advantage (D-Reinvest) ELSS (1000 units) for the assessment year ended 2005-2006. Now they have announced dividends (Rs. 0.880/unit) with record date 23/03/2007, will I be able to claim tax benefit for the Rs. 880/- that wud be reinvested in my portfolio?

    Also, I purchased SBI Magnum Tax Gain worth Rs. 6000/- in December of 2006 and they too gave out dividends worth Rs. 1200/- that was reinvested into my portfolio, so while claiming tax exemptions can i quote Rs. 7200 as investment in SBI Magnum Tax Gain?

    All your valuable comments are needed pls...

    siva
     
  2. vipinshetty

    vipinshetty New Member

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    yes you can claim tax exemptions in both cases
     
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