80CCD (2)
This query is : Resolved
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04 July 2024
My query is ,
My uncle retired from a PSU in June'2023. Employer shown a deduction of Rs. 71130 u/s 80CCD(2) in Form 16 part B (TRACES) and deducted the TDS accordingly. Now when I am going to file the return AY 2024-25(FY 2023-24) in ITR 2 , System is showing "Amount eligible for deduction under section 80CCD(2) = Rs. 0 "
why is this happening ?
1) retired person is not eligible to claim deduction u/s 80CCD(2) ? (then how the employer show the deduction amount in TRACES Form 16 part B ? )
OR
2) it is a system fault ?
My uncle retired from a PSU in June'2023. Employer shown a deduction of Rs. 71130 u/s 80CCD(2) in Form 16 part B (TRACES) and deducted the TDS accordingly. Now when I am going to file the return AY 2024-25(FY 2023-24) in ITR 2 , System is showing "Amount eligible for deduction under section 80CCD(2) = Rs. 0 "
why is this happening ?
1) retired person is not eligible to claim deduction u/s 80CCD(2) ? (then how the employer show the deduction amount in TRACES Form 16 part B ? )
OR
2) it is a system fault ?
04 July 2024
System seems to be a system fault, if you have any salary income to be declared.
04 July 2024
Yes , he has salary income from April to June and then he retired. Other deductions have been taken by the software properly. Even for 80CCD(1B) , the system is considering the amount . But for 80CCD(2) system showing the eligible amount is Rs 0
04 July 2024
Check the queries asked by the utility in the beginning of filing ITR. In that, there is a bracket for 80CCD(2). Fill the figure in that bracket and click yes, then save it.
28 August 2024
Good luck.
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