Wat is 80cc? and examples
Answers were Sorted based on User's Feedback
Answer / saurav singh
Section 80C. – Section 80C was inserted from assessment year
2006-2007. It provides deductions from gross (total) income
for qualified amounts paid or deposited by the assessee in
the previous year.
Main Provisions.
1.The deduction is available only to an individual or a HUF
from the gross total income,
2.The deduction is allowed irrespective of whether such
amount is paid or deposited by the taxpayer out of his
income chargable to tax,
3.The deduction is available on the basis of specified
qualifying investments/contributions/payments made by the
taxpayer during the previous year,
4.The maximum amount deductible under section 80C is Rs.
1,00,000. Also the total amount of deductions under sections
80C, 80CCC and 80CCD is Rs. 1,00,000.
Is This Answer Correct ? | 20 Yes | 9 No |
Answer / vishwanatha.d.r
We can save the tax U/s 80C and Rs.100000/-
Is This Answer Correct ? | 29 Yes | 19 No |
80CCC
Contribution to an annuity plan of LIC for receiving
pension from the fund.
Maximum deduction: Rs.10000
Is This Answer Correct ? | 20 Yes | 18 No |
Answer / anil
In under section 80c we can save our tax up to 100000/
Is This Answer Correct ? | 11 Yes | 9 No |
One c form issued by the ETO was found misplaced.Kindly advise the procedure for reissuing .
Please Advise When issue form F monthly Basis or quarterly basis.
what are accounting principles
Can anybody explain? what's consumeble items?
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
why use diff vat forms like vat51 vat3 why
What is VAT TDS? when it is applied & at what rate?
Can anyone please tell me how to account TDS RECEIVABLES. (In Receipt entry is it possible to show the break up of TDS deducted & balance payment recd in single entry
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
0 Answers ABC, Pat Trade Links,
If Sales Made Against form c with Rate2%, after then we are unable to collect the form c from party, party is ready to pay debitnote to us, we also agree for this, what procedure to follow, how to pay to Vat Department and which form to be submitted.
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
Where show the sales return of exciseable goods?