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Maximum amount of deduction under chapter vi

Waseem Syed (Advocate ) (272 Points)

09 February 2019

How much maximum amount of deduction can be claimed under chapter vi of income tax act? plz guide.

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195513 Points)
Replied 10 February 2019

Aggregate no limit, but each sub-section has its own limitations.

KAAMIL AHAMADH (ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR ) (253 Points)
Replied 10 February 2019

Hi !

The total amount of deductions under Chapter VIA cannot exceed the Gross Total Income of the Assessee.

For example, the Gross Total Income of the Assessee is Rs. 3,50,000/-.
Hence Maximum amount of deductions allowed under Chapter VIA is Rs. 3,50,000

and Also each Sub section has its own limitations...

Regards
KAAMIL AHAMADH

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Waseem Syed (Advocate ) (272 Points)
Replied 10 February 2019

Thank you so much sir for your valuable guidance.

1 Like

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