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About 80c

Saket Agrawal (studying) (29 Points)

19 July 2014

Is the Deduction limit of 1.5lakh under section 80C as presented in union bubdet 2014-15 will be applicable from 1st april 2015??

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114215 Points)
Replied 19 July 2014

Applicable from FY 2014-15 i.e., AY 2015-16.

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sharath (i) (188 Points)
Replied 19 July 2014

applicable for the income earned from 1st april 2014 to 31st march 2015. for that returns to be filed in assessment year 2015-16

Saket Agrawal (studying) (29 Points)
Replied 19 July 2014

sir but as mentioned in finance act 2014 presented in union budget 2014 it is mentioned that deduction of 1.5lakh will applicable from 1 april 2015

Minesh Rawat (Article) (199 Points)
Replied 19 July 2014

Budget was presented for FY 2014-15 so u can understand yaar....this is not a good question to ask....and for d FY 2015-16 buget ll hv to be presented in d upcoming February.

Saket Agrawal (studying) (29 Points)
Replied 20 July 2014

Originally posted by : Minesh Rawat
	Budget was presented for FY 2014-15 so u can understand yaar....this is not a good question to ask....and for d FY 2015-16 buget ll hv to be presented in d upcoming February.

I too understanding this .But as I read the bare Act of Finance Bill 2014 .It is mentioned clearly that the revision of deduction limit under section 80C is aplicable from 1st day of April 2015 .

Please go through it

Attached File : 1203543 1340473 finace bill 2014.pdf downloaded: 246 times