80c deductions
This query is : Resolved
31 January 2014
Business Loss= 29902, Income from other sources = 46981, and capital gain income. and LIC of Rs. 60845. Then what wiil be the amount allowed as deduction u/s 80c.???
AVTAR SINGH
(Expert)
31 January 2014
No deduction will be allowed from short tern capital gain covered u/s 111A and long term capital gain. The amount of deduction would be Rs.17079.
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