Menu
80 c deduction mandatory
is it mandatory to claim deduction us 80c, if income is less than 500000?
Replies (3)
Deduction us 80C will help you in reducing your tax liability and in getting refund if your net tax liability comes lower than TDS if any deducted.
so, you can claim deduction of 80C at whatever level of your income.
so, you can claim deduction of 80C at whatever level of your income.
No it is not mandatory
80c deduction is not mandatory in any case. But it would be beneficial if one claims deduction under it.
Recent Topic
- UPi/Banking Remarks
- URGENT CLARIFICATION NEEDED REGARDING SFT- 005, PL
- What is the nature of business for Pranic Healing
- GST Clarification for billing
- Already tax paid Refund or
- RBI guideline for TDS on FD interest
- Form 26AS Update for TDS by CPC/Income Tax departm
- Bad debt Recovery
- Reporting in TIS
- Recharge employee cost
Related Topics
CAclubindia
