DEDUCTION......
varun (study) (52 Points)
12 November 2020
Is claiming of chapter viA deductions mandatory?
3 Replies
Shivam RC
(Student)
(23683 Points)
Replied 13 November 2020
It's not Mandatory but it helps to reduce your Total Income which results in lower payment of Income Tax.
ayusmita
(Tax consultant)
(5890 Points)
Replied 13 November 2020
To reduce the tax liability and to make a proper balance in inflow n outflow of income it is nessacary
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 13 November 2020
Not mandatory......
If you are not interested to claim Chapter VI deductions
No restrictions
If you are not interested to claim Chapter VI deductions
No restrictions
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