EXEMPTION UNDER SEC 80C

284 views
User Avatar

59 Points Posted on 28 March 2020
Sir.
I want to deposit Rs 150000/- in my ppf a/c on
02/04/2020.I want to know
weather I can avail benefit of sec 80c for the assessment year 2021-2022.
Thanks
Truly yours
Debojyoti Roy
0 Reply Share Follow
On 28 March 2020 at 12:17 Report
Replies (4)
Quick Summary
This discussion clarifies whether a Rs 150,000 deposit into a PPF account on 2nd April 2020 is eligible for the Section 80C tax deduction for Assessment Year 2021-2022. The consensus is yes, you can claim the benefit. However, this is only applicable if you do not opt for the new tax regime, which disallows such deductions.

User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 28 March 2020
Yes... You can avail the 80c benefit in AY 2021-22 (FY 20-21).
Reply
On 28 March 2020 at 12:34
User Avatar

Practicing CA
1225 Points Posted on 28 March 2020
Yes you can avail the benefit but if you choose to follow the new tax rate regime in that case no deduction is allowed
Reply
On 28 March 2020 at 12:37
User Avatar

cpt
50 Points Posted on 28 March 2020
Yes you can avail 80c deduction in ay 2021-22 only if you didn't choose to file your returns under new tax scheme introduced recently.
Reply
On 28 March 2020 at 13:18
User Avatar

job
376 Points Posted on 30 March 2020
Yes you can
Reply
On 30 March 2020 at 23:44

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading