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
- Applicability of TDS on CFS, CHA fees, and shipping line charges
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- Unable to generate and save json file for updated return
- GST payable under RCM
- Applicablity on tds
- Tax audit & Switching from Presumptive taxation
- PRODUCT AND SERVICE CATEGORY CODE
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- LTCG offset against property buy
- Query in filing Returns for International workers in EPFO
- Advance money given for supply of goods
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- Received advance money for supply of goods but forfeited by us since full money not received
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
