Deduction u/s 80-D & 80-C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2011
Hi,
1.What is the maximum amount of deduction can we take u/s 80-D.
Is it 15,000 or more?
2.Can we take deduction u/s 80C twds. payment made on registration/stamp duty for house.
Pls. advice
1.What is the maximum amount of deduction can we take u/s 80-D.
Is it 15,000 or more?
2.Can we take deduction u/s 80C twds. payment made on registration/stamp duty for house.
Pls. advice
17 July 2011
Deduction U/s 80D is a 2 tier deduction.
One - for both of you and your dependent children.: Max. 15000
for parents: Max. 15000
If parents are Senior Citizen deduction of Max. 20000/ is available.
The deduction is available on payment basis only. You can claim thus 15000+20000=35000 Max. Where parents are senior Citizens.
.....
Yes U/s 80C deduction in respect of payment of stamp duty for acquiring the Residential House Property can be claimed.
One - for both of you and your dependent children.: Max. 15000
for parents: Max. 15000
If parents are Senior Citizen deduction of Max. 20000/ is available.
The deduction is available on payment basis only. You can claim thus 15000+20000=35000 Max. Where parents are senior Citizens.
.....
Yes U/s 80C deduction in respect of payment of stamp duty for acquiring the Residential House Property can be claimed.
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