Hi, Could anybody please tell me whether there is a further deduction of Rs. 1 lakh in addition to the existing limit under Section 80C. This question is based on the answer as provided in The Hindu today(Business column) under the head'Deduction for annuity policies is additionally available'. Please clarify
Menu
80ccc deduction
Replies (4)
Dear Manju,
Yes 80 CCC provides for deduction of annuity policies but then aggregate of deduction u/s 80c, 80ccc & 80ccd cannot exceed Rs. 1,00,000/-
Hi manju,
80 CCC, on its individual basis provide u additional DEDUCTION FOR ANNUITY POLICIES (i.e apart from 80 - c which already provides for deductions LIC and allied policies)......
But, the aggregate deduction u/s 80C, 80CCC and 80CCD is Rs. 1,00,000....
Dear Manju...
80 CCC provides for deduction of annuity policies but 80CCE restricts deduction u/s 80c, 80ccc & 80ccd to Rs. 1,00,000/- only...
Agree with Mr.Amir....
Thank you , but i had this doubt because of the article
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
