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.
Message likes :
1 times
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
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Not able to file ITR
- About TDS & Income Tax
- Reporting of STCG on Property in ITR
- FEMA regulation Act. for inward remitance
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
