Income Tax - Chapter VIA -- Deduction from total Income
This query is : Resolved
Dilip Joshi
(Querist)
16 October 2009
Sir
please explain investment covered by 80C,80CCC,80CCD combinely which has the limit of 1.00 lacs
can the taxpayer invest in N.S.C & U.L.I.P beyond the limit of 100000
thanks & Regards
Dilip
9881898023
please explain investment covered by 80C,80CCC,80CCD combinely which has the limit of 1.00 lacs
can the taxpayer invest in N.S.C & U.L.I.P beyond the limit of 100000
thanks & Regards
Dilip
9881898023
16 October 2009
Dear Dilip
You can get details of investments covered under section 80C, 80CCC, and 80CCD on WWW.incometaxindia.gov.in.
Taxpayer can invest beyond RS.100000 but for income tax purpose deduction will be restricted upto Rs. 100000.
You can get details of investments covered under section 80C, 80CCC, and 80CCD on WWW.incometaxindia.gov.in.
Taxpayer can invest beyond RS.100000 but for income tax purpose deduction will be restricted upto Rs. 100000.
CA. Aryendra
(Expert)
16 October 2009
Dear Dilip,
Please read section 80CCE:
which discribe the aggregate amount of deduction u/s 80C, 80CCC and 80CCD shal not, in any case, exceed one lakh rupees.
Please read section 80CCE:
which discribe the aggregate amount of deduction u/s 80C, 80CCC and 80CCD shal not, in any case, exceed one lakh rupees.
BALASUBRAMANYA B N
(Expert)
16 October 2009
you can invest how much you want, but under income tax its restricted upto 1 lak...
CA Suresh Choudhary
(Expert)
16 October 2009
Agree with Balasubramanya
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