4 Points
Joined July 2023
Chapter VI of the Income Tax Act covers various deductions such as Section 80C (investment-related deductions), Section 80D (health insurance premiums), and Section 80G . It's important to review the specific conditions and limitations mentioned under each section to determine why the deduction may be limited to Rs 125,000. Ensure that the taxpayer meets all the requirements and conditions specified for the particular deduction.