Mode of Payment
eligible for Deduction U/s 80C
is Any Mode Is eligible for deduction U/s 80C?
whether it cover Cash Mode payment?
Menu
SEC-80c Deduction for Specified investment
Replies (3)
Quick Summary
Cash Payment is not allowed for claiming deductions under 80C
From FY 2017-18 any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. The donations above Rs 2000 should be made in any mode other than cash to qualify for 80G deduction.
Actually I am Talking About insurance premium Paid in cash Whether It's allowed U/s 80c
Yes, you can claim deduction u/s 80C whether you paid premium in cash or cheque , both are allowed.
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
