Deduction u/s 80G
This query is : Resolved
CA Vijay V Kodmur
(Querist)
24 December 2008
Wheather Deduction u/s 80G is available for income from Winning from lottery & Crossed word Puzzles Sec 115BB
If the Income from the said is below Taxable Limit 150000/- can we claim basic exemption.
From The wordings of Sec 80G it looks like deduction is available.Please clarify
If the Income from the said is below Taxable Limit 150000/- can we claim basic exemption.
From The wordings of Sec 80G it looks like deduction is available.Please clarify
Gayathri Devi
(Expert)
24 December 2008
For calculation of deduction under chapter VI A the Long term capital Gain only be excluded from the total income.
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