80c deduction clarification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2013
For the FY 2013-2014 (Py 2012-2013)how much deduction can be claimed under sec 80.
a)The aggregate of Section 80C, Sec 80CCC & 80CCD should not exceed Rs 1,00,000
b)My doubt: adding to point (a),still do we have 80CCF exemption?
c) Newly added sec 80CCG (Investing in mutual funds & shares) max of 50K, eligle for further deduction of 50%.Is it applicable?
My question : Max deduction is 100000(80C)+20000(80CCF) or 100000(80C)+25000(80CCG)
a)The aggregate of Section 80C, Sec 80CCC & 80CCD should not exceed Rs 1,00,000
b)My doubt: adding to point (a),still do we have 80CCF exemption?
c) Newly added sec 80CCG (Investing in mutual funds & shares) max of 50K, eligle for further deduction of 50%.Is it applicable?
My question : Max deduction is 100000(80C)+20000(80CCF) or 100000(80C)+25000(80CCG)
02 January 2013
Hi
80CCF is not available in FY 2012-13 onwards.
You can get benefit of only rest 2 as u said.
Refer link for detail on 80CCG:
https://www.caclubindia.com/articles/rajiv-gandhi-equity-saving-scheme-sec-80ccg-14281.asp#.UOQ7am-yCnE
Thanks!!
80CCF is not available in FY 2012-13 onwards.
You can get benefit of only rest 2 as u said.
Refer link for detail on 80CCG:
https://www.caclubindia.com/articles/rajiv-gandhi-equity-saving-scheme-sec-80ccg-14281.asp#.UOQ7am-yCnE
Thanks!!
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2013
Thanks for your confirmation. Cheers!!!
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