Deduction under 80 c for tution fee
Vishal Joshi (28 Points)
17 November 2017
Plz explain how mch and for whome it be applicable
21 Replies
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
u/s 80c limit restricted to 150000 inclusive of other deduction.
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
in 44 AD can't claim deduction u/s 80 c
Vishal Joshi
(28 Points)
Replied 17 November 2017
There is L.I.C deduction in 80 c in 44Ad .
Can i claim rent paid un 80c in 44Ad plz expln
Can i claim rent paid un 80c in 44Ad plz expln
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
If u r an individual (resident) paying tax u/s 44AD then u can't claim deduction u/s 80c .
LIC premium paid u/s 80c can't claim.
rent paid does not come under 80c -
comes under 80gg if ur not in receipt of House rent allowance.
LIC premium paid u/s 80c can't claim.
rent paid does not come under 80c -
comes under 80gg if ur not in receipt of House rent allowance.
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
calculation u/s 80GG.
Rent paid:
least of the following:
(1)25%of total income
(2)rent paid -10%of total income
(3)5000p.m.
Rent paid:
least of the following:
(1)25%of total income
(2)rent paid -10%of total income
(3)5000p.m.
Vishal Joshi
(28 Points)
Replied 17 November 2017
Plz clear i am a proprietor can i claim L.I.C deduction u/s 80 c in 44ad n my trun over is about 1cr
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
I am not clear about ur doubt...
rent paid towards ur house r shop rent in which ur doing business..
LIC premium paid towards u r for ur business
rent paid towards ur house r shop rent in which ur doing business..
LIC premium paid towards u r for ur business
Vishal Joshi
(28 Points)
Replied 17 November 2017
i am a proprietor rent paid for my business i.e shop rent
Lic premium paid towards me
Lic premium paid towards me
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
rent paid towards ur shop can deduct u/s 30. under the head " Income from business/ profession".
but LIC premium paid can claim in deductions U/s 80 c ..
but if u deposit / invest in new LIC policy in the year as annuity plan can claim as deduction.
but I am not clear about the policy deposit
but LIC premium paid can claim in deductions U/s 80 c ..
but if u deposit / invest in new LIC policy in the year as annuity plan can claim as deduction.
but I am not clear about the policy deposit
Sunil Ahmad
(Student)
(1511 Points)
Replied 17 November 2017
but LIC premium paid CAN'T claim in deductions u/s 80 c .... above spell mistake
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