80-C Deduction of 3 Lakhs unde New Income Tax Code
This query is : Resolved
18 August 2009
Hello Everyone,
my query is about the investments that can be made to avail the deduction limit of 3 lakhs under the newly introduced Income Tax Code.
Earlier it included PF, PPF, LIC Premiums, Children School Fees, Tax Saving Mutual Funds, Stamp Duty & Registration Paid to acquire a new Residential House Property, Principal Component of Housing Loan Repayment etc.
Whether they'll stay or some will be removed from 01-04-2011
my query is about the investments that can be made to avail the deduction limit of 3 lakhs under the newly introduced Income Tax Code.
Earlier it included PF, PPF, LIC Premiums, Children School Fees, Tax Saving Mutual Funds, Stamp Duty & Registration Paid to acquire a new Residential House Property, Principal Component of Housing Loan Repayment etc.
Whether they'll stay or some will be removed from 01-04-2011
18 August 2009
Sir, This is only Proposed limit . SO Wait for approval in budget of 2011.
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