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80c

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(Querist)
02 September 2014 Sir, where the impact will be reflected if investment u/s 80 c shown as one lakh even it is more than one lakh in ITR?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 September 2014 No Impact. Deduction allowed is only rs 1 Lac. From FY 2014-15 80C limit has been increased to Rs 1.50 lacs.

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