Sir,
i have deposited Rs.100000 In PPF account and paid LIC premium Rs.99400 Can i eligible to claim deduction under 80C for Rs.150000/-
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Deduction 80 C income tax
Replies (6)
Quick Summary
Yes you can claim it.
New tax regime or old tax regime ???
Yes.You can claim under 80C if you have choosen old tax regime subject other conditions
What is mean by purchase consideration and shares consideration give some examples
@ MPR Sanjay Kumar
The amount paid for purchase of property or other assets ( Capital Asset) is called cost of acquisition.
And amount received on sale of capital asset is called sale consideration
The amount paid for purchase of property or other assets ( Capital Asset) is called cost of acquisition.
And amount received on sale of capital asset is called sale consideration
So purchase consideration means cost of Acquisition??
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