Can i claim as deduction u/s 80C for the bounced cheque
This query is : Resolved
11 July 2011
deposit for Mutual fund has been made on date 30.03.2011, but after two days cheque has been bounced. now can that deposit made can be claimed u/s 80c while filing for salaried employee.
11 July 2011
Absolutely no. Because 80C is on payment basis.
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U S Sharma
(Expert)
11 July 2011
if the same cheque is passed after 2 days, then you have to take your bank balance after clearance of cheque on computation sheet, to claim benefit
if seperate chq is issued or payment is made otherwise than return cheque, then you can not claim.
if seperate chq is issued or payment is made otherwise than return cheque, then you can not claim.
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CA PARAS BAFNA
(Expert)
11 July 2011
If cheque is bounced, it can be easily said that investment has not been made.
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If deduction will be available in this manner, every body will claim deduction without investing a single rupee.
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If deduction will be available in this manner, every body will claim deduction without investing a single rupee.
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