Allowability of u/s 80C of IT Act.

If it is not chargeable u/s.111A i.e. if it is not the gain from listed shares, debentures etc.

yeah if it not taxable u/s 111A u can claim deductions u/s80C

THANKS

yes it is available provided mthe income should not be the one referred to in sec.111A

Deductions under chapter VI A are NOT available on incomes which are taxed at special rates. If your STCG is one, which arose by sec 111A, then deduction is not available. If it is not, then deduction can be claimed.