80C SSC DEDUCTION
This query is : Resolved
Quick Summary
AISHWARYA R
(Querist)
27 December 2020
Dear expert,
my client deposited in scss deposit of Rs 10,00,000 in 1.12.18. He claimed 80c deduction for 150000 in AY 19-20. can he claim further deduction of Rs 150000 in AY 20-21 under 80c.
awaiting for your early reply
regards,
aishwarya
my client deposited in scss deposit of Rs 10,00,000 in 1.12.18. He claimed 80c deduction for 150000 in AY 19-20. can he claim further deduction of Rs 150000 in AY 20-21 under 80c.
awaiting for your early reply
regards,
aishwarya
KAVIRAJA ADDANGADI
(Expert)
27 December 2020
Further deduction not allowed only initial year you can claim maximum deduction you have to offer interest is taxable under income from other sourced where 50000/_ deduction under 80TTB
02 October 2021
For deduction u/s. 80C for ever year, you must top up the investment with additional 1.50 lakhs every year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
