Section 80l
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2012
Hi,
what is the benefit under Section 80L?
How can i claim the deductions?
what is the benefit under Section 80L?
How can i claim the deductions?
08 March 2012
As per section 80L of 1961act, individuals are entitled to receive tax deductions on their interest or dividend incomes and the maximum amount of such deduction is provided for, as Rs. 15,000. Some of the prominent investments that are entitled to receive tax deductions comprise:
Investment in under monthly income scheme of the post office
Investment in Debentures or Bonds of an institution/ authority/ public sector company/ cooperative society or other such organization notified by central government.
Investment in with banking institutions
Investment in under other schemes which are notified by central government like national saving schemes, time deposit schemes, recurring deposit schemes.
Investment in units of UTI and Mutual Funds (under Section 10(23D) of the Income Tax Act)
Investment in co-operative societies
Investment in under National Deposit Schemes as notified by Central Government
Investment in under monthly income scheme of the post office
Investment in Debentures or Bonds of an institution/ authority/ public sector company/ cooperative society or other such organization notified by central government.
Investment in with banking institutions
Investment in under other schemes which are notified by central government like national saving schemes, time deposit schemes, recurring deposit schemes.
Investment in units of UTI and Mutual Funds (under Section 10(23D) of the Income Tax Act)
Investment in co-operative societies
Investment in under National Deposit Schemes as notified by Central Government
Message likes :
1 times
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
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
