Deduction u/s 80c
This query is : Resolved
CA PARAS BAFNA
(Expert)
03 January 2016
Prior to AY 2006-07, instead of Deduction of Rs 1000000/ Tax rebate U/s 88 of 20% of the amount deposited/paid under the various savings schemes, LIP, NSC etc was allowed.
.
Section 80C has been revived from AY 2006-07. The limit has remained Rs 100000/- from AY 2006-07 to AY 2014-15. The Limit is enhanced to Rs 1.50 lac from Ay 2015-16.
.
Section 80C has been revived from AY 2006-07. The limit has remained Rs 100000/- from AY 2006-07 to AY 2014-15. The Limit is enhanced to Rs 1.50 lac from Ay 2015-16.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
