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Dr.AnilKumar

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Feb 5, 2009, 10:37:02 PM2/5/09

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Sir,

Does the divident reinvested in a reinvestment option of an ELSS scheme qualify for tax deduction. what is the lock in period of the reinvested divedent.

regards

anil

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Amrita Institute of Medical Sciences, Cochin, India

Amrita Institute of Medical Science; Amrita Lane; Elamakkara Post; Kochi
Tel: +91 484 4001234 Fax: +91 484 2802020 Email: ad...@aims.amrita.edu Web: www.aimshospital.org

Chawanni

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Feb 6, 2009, 2:30:35 AM2/6/09

to Chawanni Advice

Hi Anil,

Dividend reinvested in an ELSS scheme is eligible for
deduction u/s 80C. The lock-in period for reinvested dividend would be
three years from the date it was invested, as per current tax laws.

Regards,
CA

On Feb 6, 8:37 am, Dr.AnilKumar <vanilku...@aims.amrita.edu> wrote:
> Sir,
>
> Does the divident reinvested in a reinvestment option of an ELSS scheme qualify for tax deduction. what is the lock in period of the reinvested divedent.
>
> regards
> anil
>