Deduction under 80ccg

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vandana chandel (Querist)
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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?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

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