Deduction of 80c

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CA JIMI S PATEL (Querist)
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01 August 2012 PAYMENT OF X'S LIP, PPF IS MADE BY Y AND THEN AFTER X REIMBURSH IT TO Y BY ACCOUNTING ENTRY. CAN THIS AMT BE CLAIMED BY X AS DEDUCTION ? PLZ REPLY URGENT. PLZ PROVIDE ANY CASES AND SEC. REF IF ANY.

Amol S Joglekar

Amol S Joglekar (Expert)
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01 August 2012 80C never gives any STRESS on payment by ASSESSEE. It does give stress on PAYMENT but not assessee.Why are you stuck up with that? Any specific argument by any of the intellectual CLASS?

CA JIMI S PATEL

CA JIMI S PATEL (Querist)
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24 August 2012 https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=5cc98992-765c-46b0-a433-271b2e2b6901&rdb=sec&yr=a56ea192-3ca8-433a-a515-ed68a062eac7&sec=80c&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

this link is of bare section sir , i am confused with the word paid by assessee . plz clarify. thanks for previous reply.

Amol S Joglekar

Amol S Joglekar (Expert)
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24 August 2012 So this is PAID by assessee. At the most some adament assessing officer may ask to prove this. But this is a clear case of 'paid by assessee' Please revert.

CA JIMI S PATEL

CA JIMI S PATEL (Querist)
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24 August 2012 thanks sir , so i cant claim deduction in this case.

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