Deduction u/s 80c
This query is : Resolved
31 December 2012
Dear All,
Whether under 100000/- limit u/s 80c of Income tax act, repayment of PF loan will be covered with Normal PF Deduction.
Whether under 100000/- limit u/s 80c of Income tax act, repayment of PF loan will be covered with Normal PF Deduction.
31 December 2012
Repayment of PF Loan is not covered under section 80C.
04 January 2013
Yes I agree with the expert
04 January 2013
Then whether we can claim this repayment of pf loan as deduction elsewhere, or this is not a deduction at all.
04 January 2013
This is not deductible as the same is a repayment against capital receipt. At the time of taking the loan the amount was not taxed and that's why when you will repay it,
no deduction benefit is granted.
.
no deduction benefit is granted.
.
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