Please urgent
there is assessee whose income is from salary only and there is deduction of
1 general provident fund of 84000
2 gis of rs 2400
in which head of 80 c it is to be included to get deduction ..
is it statutory fund or something else.
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Income tax return of salary urgent
Replies (7)
General provident fund (if it is a recognized fund) then you can claim it as investment in public provident fund. About GIS.. is it an abbrevation or so?
why not in statutory provident fund. ?
yes its a abbreviation..dont knw its full form. ?
GIS stands for Group Insurance Scheme.... why do you need to categorise it, just give it under "provident fund" group.... and for gis, either create a new group named "GIS" or under "others".
actually i am using software for itr and under 80c there is only 7 to 10 heads and we cannot create new one.
in the act itself there are more than 15 heads under which deduction of 80c can be claimed, then how is it possible to group under only 10 head... but if you say so, then try giving all data under "others" if you dont find any appropriate head.
yes you are right..
i think i need to talk to the vendor of software.
because there is not any head like other also. its a limitation of software,
thankyou for your time tribhuvan
you're welcome
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