Section 80ccc
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
30 December 2008
What is Section 80ccc. What is the maximum limit under section 80ccc.
30 December 2008
https://www.vakilno1.com/bareacts/incometaxact/s80ccc.htm
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Mohd Sarfaraz Latibani
(Querist)
30 December 2008
I am investing in LIC Jeevan Aastha Rs.25000/- does the full amount be allowed as deduction.Plz help
Thanks.
Thanks.
CA Chaitanya
(Expert)
30 December 2008
It depends on the sum assured for your policy.
CA Chaitanya
(Expert)
30 December 2008
The amount invested Rs.25000 or 20% of sum assured whichever is less can be claimed as deduction u/s 80C.
CA Chaitanya
(Expert)
30 December 2008
u/s 80CCC, you can claim a maximum amount of Rs.100000/- as deduction.
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