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80c

This query is : Resolved 

24 March 2015 WHETHER INVESTMENT IN SUKANYA SAMRUDHI YOJNA AVAILABLE FOR INCOME TAX DEDUCTION U/S 80 C FOR THE FINANCIAL YEAR 2014-15 ?

24 March 2015 Yes deduction can be claimed in F.Y 2014-15 provided investment is made on or before 31.3.2015.

Ref: Clause 15 of Finance Bill,2015.

24 March 2015 yes deduction u/s 80C available
it is in finance bill 2015

24 March 2015 additionally max deduction allowed will be 1.50 lakhs but the int recieved in future shall be taxable as income from other sources,

24 March 2015 Sampat ji

Interest earned in this scheme as well as maturity amount is exempt from Income Tax.

25 March 2015 Yes sir i just checked it..thanks for correcting me...


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