In order to reduce my tax liability, i opened an NPS account online through ICICI Bank internet banking on 28th March 2019. On completion of formalities, i was able to make a contribution of 50000 through the same internet banking option of ICICI Bank on 30th March 2019. While my account got debited immediately on 30th March, the credit to NPS account has happened only on 3rd April. Does that mean i lose the tax benefits for FY 2018-19? Is there some way i can show the debit proof and claim this benefit in FY 2018-19 itself?
Menu
Nps contribution
Replies (2)
you can claim NPS benefit in FY 2018-19
Yes you can claim the tax benefit u/s 80CCD(1B) if it is apart from your 1.50 lac u/s 80C and if it is under total of 1.50 lacs then it is a part of Sec 80C of 80CCD(1).
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
