80C SSC DEDUCTION
This query is : Resolved
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
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.
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