Deduction from total income
This query is : Resolved
22 August 2014
Mr X has paid Rs.60,000 premium on the life of his dependent son(being a person with 60% disability) during the year 2013-14. Can he claim deduction u/s. 80C amounting to Rs.60,000 or can he claim deduction u/s.80DD amounting to Rs.50,000 or can he claim deduction under both 80C and 80DD?
Please guide me.
Please guide me.
Nikhil Kaushik
(Expert)
22 August 2014
you can split the amount between 80C and 80DD if you also have other avenues to claim deduction under 80C.
09 September 2014
yes agreed spilt the amount bet the above section
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