Can anyone explain section 80cca of income tax act,1961

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CA-Final
1485 Points Joined May 2012

I am very confused in deduction allowed u/s 80CCA of Income Tax Act, 1961

According to this section , deductions will be allowed only after AY 1988-89 to upto AY 1992-93 in NSS or LIC

What whould happen if such National Saving Scheme (NSS) had been taken before AY 1988-89 or after AY 1992-93.

Does Deductions availabe Under Section 80C appies to such NSS ??

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On 17 October 2012 at 11:25 Report
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It is no longer valid. It is optional saving given then, similar to 80CCF, available from AY 2011-12 to 2012-13. As of now 80CCF is also not valid for AY 2013-14 but will still appear in the law.
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On 17 October 2012 at 12:24
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Dy. Manager(FIN)
21 Points Joined March 2010

NSS is not in existance now.

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On 31 October 2012 at 18:04


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