DEDUCTION U/S 80CCC
This query is : Resolved
23 August 2010
IF MY GROSS TOTAL INCOME IS RS 4 LACS
AND I INVESTED RS 1.02 LACS IN LIC & OTHER
NOW MY GROSS TOTAL INCOME IS RS 3 LACS (AS I HAVE ELEGIBLE FOR DEDUCTION OF RS 1 LAC ONLY)
FURTHER I HAVE INVESTED RS 1.20 LACS IN PERSONAL PENTION PLAN
NOW MY TOTAL INCOME IS RS. 1.8 LACS
IS THAT OK ???????
AND I INVESTED RS 1.02 LACS IN LIC & OTHER
NOW MY GROSS TOTAL INCOME IS RS 3 LACS (AS I HAVE ELEGIBLE FOR DEDUCTION OF RS 1 LAC ONLY)
FURTHER I HAVE INVESTED RS 1.20 LACS IN PERSONAL PENTION PLAN
NOW MY TOTAL INCOME IS RS. 1.8 LACS
IS THAT OK ???????
CA Sanat Pyne
(Expert)
23 August 2010
no it is wrong. your maximum deduction u/s 80C, 80CCC & 80CCD WILL BE SUBJECT TO 100000/-
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