DEDUCTION UNDER CHAPTER VI-A


This query is : Resolved 

Quick Summary
This discussion addresses a common issue where the Central Processing Cell (CPC) disallows deductions under Chapter VI-A during tax assessment, even when correctly invested. The advice given is to ensure these deductions are claimed properly in the Income Tax Return (ITR), both in the initial questions and at the final stage of Chapter VI-A deductions.

(Querist)
07 November 2022

INCOME FROM CAPITAL GAIN RS. 439176.00

INCOME FROM OTHER SOURCES RS. 38503.00

INCOME FROM HOUSE PROPERTY RS.( 77888.00)

GROSS TOTAL INCOME RS. 399791.00

DEDUCTION UNDER CHAPTER VI-A RS. 38503.00

TOTAL INCOME RS 361290.00 ( R/O )

BUT AT TIME OF ASSESSMENT CPC NOT GRANT BENEFIT UNDER CHAPTER VI-A

07 November 2022 Where the amount (Rs. 38503/-) was invested?

chandresh (Querist)
07 November 2022 Investment under lic

07 November 2022 It should have been claimed in ITR, at both places initially at questions to be filled, and at final stage of chapter VIA deductions.


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