Deduction under 80ccg
This query is : Resolved
vandana chandel
(Querist)
03 May 2014
Is there any limit of maximum investment of Rs. 50000 under 80 ccg to get this deduction?
what is the meaning to get deduction for 3 consecutive assessment years; is it mean to get same deduction in 3 years without further investment or assessee can claim this deduction in any of the three years one time?
what is the meaning to get deduction for 3 consecutive assessment years; is it mean to get same deduction in 3 years without further investment or assessee can claim this deduction in any of the three years one time?
Nikhil Kaushik
(Expert)
04 May 2014
it means that you get the deduction of 50% of the amount invested in the year subject to maximum of Rs 25000.
so maximum you invest in year to get maximum benefit is Rs 50000
so maximum you invest in year to get maximum benefit is Rs 50000
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