Can declare a investment who has getting professional fees
This query is : Resolved
Chandraiah
(Querist)
13 June 2016
Hello Friends,
Can we declare a investment under Income Tax who are getting professional fees on every month?. if "yes" kindly suggest how can we show and under which head.
If "NO" can you suggest me how can we avoid top pay the Tax amount.
Thanks
Chandru
Can we declare a investment under Income Tax who are getting professional fees on every month?. if "yes" kindly suggest how can we show and under which head.
If "NO" can you suggest me how can we avoid top pay the Tax amount.
Thanks
Chandru
Rupesh Jain
(Expert)
13 June 2016
no, you cannot do that , only at the time or ITR filing you show in return as actual your investment for taking deduction u/s 80C
Chandraiah
(Querist)
13 June 2016
Thank you for your answer sir.
can I show u/s 80c INR 1,50,000/- while filling the Income Tax return?.
can I show u/s 80c INR 1,50,000/- while filling the Income Tax return?.
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