Please Help Me With This....

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Old 20th March 2007, 03:58 PM
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Default Please Help Me With This....


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...



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Old 20th April 2007, 04:29 PM
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Default Re: Please Help Me With This....

yes you can claim tax exemptions in both cases


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