Section 80 ccd(1b) for investment in nps
This query is : Resolved
Jayprakash Gupta
(Querist)
09 March 2015
The Union Budget-2015-16 has offered deduction under Section 80CCD (1B) of Rs.50,000, towards investment in New Pension Scheme.
Query is raised as to whether this deduction is available to individuals who make contributions in NPS Account directly.
Will be glad to receive the clarification.
Jayprakash Gupta,
Mumbai
Query is raised as to whether this deduction is available to individuals who make contributions in NPS Account directly.
Will be glad to receive the clarification.
Jayprakash Gupta,
Mumbai
Vineet Goyal
(Expert)
21 March 2015
It is better you do not invest in NPS. Just go through and you will know the reason.
https://financeandtaxhub.blogspot.in/search/label/NPS
https://financeandtaxhub.blogspot.in/search/label/NPS
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