I am a GoVt employee and I have a NPS account.I am taking the benefit of Tax deduction of Rs 50000.But my question is how can I take tax benefit under the said sec of IT i.e another Rs50000.Should I open another NPS account or not.Please suggest me.
Menu
Additional tax benefit u/s80ccd(1b)
Replies (6)
Are you going to file yourself income tax return? It is not good idea. Now days, everything became handy. It seems to very easy. If you make any mistakes. You have to face consequences.
This reply may be irritated you. But the true is never listen. Please consult with your Tax Accountant or Chartered Accountant.
If you face any problem we can give you a solution. We can't encourage people to suffer.
Thanks.
Whether your 80C deduction is complete or you are taking exemption of only Rs.50000
Chapter Vii a deduction threshold limit is there,
I have taken benefit of Rs50000 u/s 80 C .But how can I take benefit of 80ccd1(b)
You can't claim twice.
Only if your limit of 1,50,000 under Sec 80C, 80CCD(1) exhausted then only you claim additional benefit of Rs.50000 in Sec 80CCD(1B)
Recent Topics :
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
Related Topics :
CAclubindia
