Deduction under chapter VIA

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193 Points Posted on 20 November 2021
sir one my client in form 16 total amount around 197000 chapter VIA. break up detail is not in form 16. what to do. where I claim this amount. lic or pf
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On 20 November 2021 at 22:35 Report
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Quick Summary
This discussion addresses how to claim a Chapter VIA deduction of approximately £197,000 when the breakdown isn't detailed on Form 16. Participants advise entering the full amount under Section 80C, up to the maximum limit of £150,000. It's crucial to have supporting documents for these investments readily available.

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GST Practitioner & Accounts
15150 Points Posted on 20 November 2021
Are you sure 1,97,000/- either PF or LIC premium ?.
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On 20 November 2021 at 22:59
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ca
603 Points Posted on 21 November 2021
You can just enter the amount in 80C deduction without giving bifurcation
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On 21 November 2021 at 00:58
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Chartered Accountant
24588 Points Posted on 21 November 2021
Show it under 80C
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On 21 November 2021 at 05:44
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GST Practitioner & Accounts
15150 Points Posted on 21 November 2021
Under 80 C maximum deduction available 1,50,00/- .
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On 21 November 2021 at 06:49
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Profession
28271 Points Posted on 21 November 2021
Chapter VIA REBATE MAX. AVAILABLE IS RS. 150000
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On 21 November 2021 at 06:54
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Team Lead
7558 Points Posted on 21 November 2021
You need to have the proofs available with you and show the entire deduction of 150000
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On 21 November 2021 at 10:47
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Profession
28271 Points Posted on 21 November 2021
There is one assumption by all the participants of creating a realistic event ; so obviously proof of investment will be there.
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On 21 November 2021 at 11:03

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