DEDUCTION......

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study
52 Points Posted on 12 November 2020
Is claiming of chapter viA deductions mandatory?
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On 12 November 2020 at 21:04 Report
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Quick Summary
Chapter VI deductions are not mandatory, but claiming them can significantly reduce your total taxable income. This, in turn, leads to a lower income tax payment. While not required, making these deductions is a sensible way to manage your tax liability and maintain a healthy balance between your income and expenses.

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Student
23693 Points Posted on 13 November 2020
It's not Mandatory but it helps to reduce your Total Income which results in lower payment of Income Tax.
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On 13 November 2020 at 00:43
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Tax consultant
5895 Points Posted on 13 November 2020
To reduce the tax liability and to make a proper balance in inflow n outflow of income it is nessacary
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On 13 November 2020 at 01:16
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Accountant
3662 Points Posted on 13 November 2020
Not mandatory......

If you are not interested to claim Chapter VI deductions

No restrictions
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On 13 November 2020 at 20:33

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