Definitely, deductionsunder chapter VIA may exced Rs. 1 lac. This Rs. 1 lac limit is applicable cummulatively in respect of Section 80C, 80CCC and 80CCD. We may get deduction in respect of other Sections of the chapter also subject to fulfilling the prescribed conditions.
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Deductions under chapter VIA of Income Tax Act
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Definitely, deductionsunder chapter VIA may exced Rs. 1 lac. This Rs. 1 lac limit is applicable cummulatively in respect of Section 80C, 80CCC and 80CCD. We may get deduction in respect of other Sections of the chapter also subject to fulfilling the prescribed conditions.
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