EXEMPTION LIMIT
This query is : Resolved
06 November 2007
HI,
SOMEBODY TOLD ME THAT IF WE INVEST RS100000/-IN KISSAN VIKAS PATRA THEN WE ARE ABLE TO TAKE EXEMPTION FOR THAT FULL AMOUNT WITH RS100000/- OF 80C MEANS I WANT TO ASK THAT CAN WE CLAIM EXEMPTION OF RS200000/-
PLZ SUGGEST ME.
THANKS
SOMEBODY TOLD ME THAT IF WE INVEST RS100000/-IN KISSAN VIKAS PATRA THEN WE ARE ABLE TO TAKE EXEMPTION FOR THAT FULL AMOUNT WITH RS100000/- OF 80C MEANS I WANT TO ASK THAT CAN WE CLAIM EXEMPTION OF RS200000/-
PLZ SUGGEST ME.
THANKS
06 November 2007
Sec. 80 C allows only maximum of Rs.100000.
So there is no question of exemption of Rs.200000 in one name.
So there is no question of exemption of Rs.200000 in one name.
06 November 2007
UNDER SEC 80C A MAX OF 1L CAN BE CLAIMED AS EXEMPTION
06 November 2007
Rs.100000/- is the maximum exemption limit. Moreover Kissan Vikas Pathra is not eligible for 80-C deduction.
19 November 2007
INVESTMENT IN K.V.P. DOES NOT GIVE U ANY RELIEF UI/S. 80C.
15 January 2008
Yes that is true.
Under 80 C a max of 1,00,000 can be exempted.
It may be in one invt or a aggregate of all invt as the case may be.
Under 80 C a max of 1,00,000 can be exempted.
It may be in one invt or a aggregate of all invt as the case may be.
08 April 2008
Yes I agree with mr. S. Ravichandran
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
- Required to submit form 10IEA_fy 24-25
- Error whilst validation
- Reminder of Dues under the WBGST Act’17
- Money lost in stock market related scam
- ERRROR IN ITR2 FILING
- Rebate u/sec. 87A manually
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- ITR3
- GSTR ITC relationship
- TDS deducted in different section but Deposited in a Single section via Single challan
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
- Hash value error indicated whilst validating itr 2 online
- Allowability of itc on building materials etc for resorts
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
Trending Online Classes
CAclubindia
