@ ELSS query?

Hi,
i had invested some amount in and ELSS Scheme, and as per my date of submission and receipt of the acknolowdgment its 27 march 2008, but as per the statment of the Mutual Fund, it says new units purchased on april 02/08 and also the funds have been withdrawan from the bank in the month of april..
on calling CAMS theyve told me tht they received the forms on 31st evening and since 1st was a holiday theyve processed it on 2nd.. my broker says the date of acknolwdegment is enough for IT purpose can ne1 clarify??

Acknowledgment was given to you by agent service , that is not sufficient as your unit statement to be issued 2nd April and your bank a/c debited in April your benefit of tax calculated for financial year 01-04-08 to 31-03-09.
100% sure

When it is withdrawn form your bank is not concerned to you. The date of their receipt is important for claiming the exemption. In your case your acknoledgement is dated as 27-3-08. Then why do you worry. You will be in trouble, if the cheque issued is bounced. The cheque issued by you also passed. You need not worry at all. You are eligible for claiming deduction u/s 80c for the financial year 2007-08 (AY:08-09).

Dear, all MF follow a cut-off time rule.
It says any application deposited at POS before 3 PM will be processed on that days NAV, after 3PM it will be processed on next days NAV.
The NAV of the MF are declared after closing of Market for that day and generally upload at AMFI and other web sites at 8.30 in the night.
In your case you should have planned in advance, just in time planning doesn't work in this and incidents like this are very common, good luck for this year, it will be better if you do the ELSS investment now...