80C deduction out of Exempt Income

269 views
User Avatar

32 Points Posted on 09 February 2020
Can I claim 80C deduction out of investment in eligible investments from the gift proceeds received from my relatives (exempt income) ?
1 Reply Share Follow
On 09 February 2020 at 21:46 Report
Replies (3)
Quick Summary
This discussion clarifies whether investments made using gift proceeds from relatives, which are considered exempt income, qualify for the 80C deduction. The consensus is that 80C deductions can indeed be claimed on eligible investments funded by such gifts. It also touches upon the deductibility of tuition fees for children.

User Avatar

banglore
1496 Points Posted on 09 February 2020
80C deduction can be taken on all sources of income.
Reply
On 09 February 2020 at 22:53
User Avatar

17269 Points Posted on 10 February 2020
Mr Harsh,. you are eligible for 80C Deduction for eligible investment made out of gift from relatives (exempt receipt) .
Reply
On 10 February 2020 at 06:42
User Avatar

8 Points Posted on 11 February 2020
What amount can be deducted for tuition fees of two children
Reply
On 11 February 2020 at 13:15

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post

Related Topics :

Loading