Deduction under secetion 80C

This discussion clarifies whether Non-Resident Indians (NRIs) can claim deductions under Section 80C for the assessment year 2021-22, especially if their income consists solely of short-term capital gains from equity taxed under Section 111A. The consensus is that NRIs are generally not eligible for Chapter VI-A deductions, and this exclusion also applies when capital gains are taxed at special rates, even for residents.