Income Tax - Chapter VIA -- Deduction from total Income

This query is : Resolved

Dilip Joshi (Querist)
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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
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CA SIDHARTH HIRALAL PATNI

CA SIDHARTH HIRALAL PATNI (Expert)
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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.

CA. Aryendra

CA. Aryendra (Expert)
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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.