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Income tax news: Is the dividend reinvested under ELSS scheme eligible for deduction under section 80C?

3 weeks ago 11
Investing in an ELSS scheme under the Dividend Reinvestment Plan qualifies for a Sec 80C rebate as it is a fresh investment. However, reinvested dividends are taxable in the year they are reinvested and subject to a 3-year lock-in period
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