Deduction u/s 80tta
This query is : Resolved
11 January 2013
Dear Experts,
I want to know that u/s 80TTA, 10000/- SB interest exemption from which A.Y. will be in action? Also aware me from Rajiv Gandhi Equity Saving Scheme, deduction lilmit & in action from which A.Y.?
Thanks
I want to know that u/s 80TTA, 10000/- SB interest exemption from which A.Y. will be in action? Also aware me from Rajiv Gandhi Equity Saving Scheme, deduction lilmit & in action from which A.Y.?
Thanks
11 January 2013
(1) 80TTA has been inserted w.e.f. A.Y 2013-14.
(2) Sec 80CCG - Rajiv Gandhi Equity Saving Scheme : If all the conditions specified therein are satisfied, the amount of deduction is 50% of the amount invested in notified equity shares. However, the amount of deduction under this section cannot be more than Rs 25000/-. This section has been inserted w.e.f. AY 2013-14.
(2) Sec 80CCG - Rajiv Gandhi Equity Saving Scheme : If all the conditions specified therein are satisfied, the amount of deduction is 50% of the amount invested in notified equity shares. However, the amount of deduction under this section cannot be more than Rs 25000/-. This section has been inserted w.e.f. AY 2013-14.
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11 January 2013
Dear Madam,
Thanks for your help but i have read that 80CCG will be in action W.E.F. 1st April, 2013. Please explain it.
Thanks for your help but i have read that 80CCG will be in action W.E.F. 1st April, 2013. Please explain it.
11 January 2013
No, 80 CCG its from 1/4/2012 onwords.
13 January 2013
Thanks Sir
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