Rincy Devassy (Software Engineer) (41 Points)
15 June 2012Hi,
1. Please give the details of sections 80ccd(2), 80TTA, 80ccg.
specify the limits of these sections
2. Whether 80ccf is valid for FY 2012 - 2013?
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 15 June 2012
Hi,
Sec 80CCD(2) is deposit in new pension scheme, max limit: 10% of salary
Sec 80TTA is deduction from savings bank interest, Max limit Rs 10000 for individuals & HUF
Sec 80CCG is deduction from investment in equity shares by new investors. Deduction is 50% of investment, max invst limit is Rs 50000
Sec 80CCF is not applicable for FY 2012-13
Regards
Rincy Devassy
(Software Engineer)
(41 Points)
Replied 15 June 2012
Hi Prateek,
Sec 80ccd(2) is employer's contribution, right?
Regards,
CAclubindia
