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80ccf

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2012 Dear Sir

transfer of right to use of any assets which consideration received as lumsump amount.

above transaction are liable for service tax?
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30 April 2012 80ccf excess payment to be consider in 80c ?

for example.. deduction u/s 80c Rs.90000/- and deduction u/s 80ccf Rs.40000/- then total deduction Rs.110000 or Rs. 130000 ?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
30 April 2012 Mr.Dipak satasiya Section 80ccf has the sub limit of maximum exemption i.e Rs.20,000. So in your case Rs.1,10,000 only consider for section 80C.

OM SAI SRI SAI JAI JAI SAI
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