contribution to annuity plan
This query is : Resolved
05 June 2009
dear all
deducn in respect of cont to annity plan is given in both sec 80c as well as sec 80ccc.
in exam which sention to mention????
deducn in respect of cont to annity plan is given in both sec 80c as well as sec 80ccc.
in exam which sention to mention????
06 June 2009
as per basic income tax rule Specific provision always overrule General provision.
Since 80CCC specifically deals with the insurance Annuity plan, it will be exempted u/s 80CCC. However it is speifically mention that no deduction will be allowed u/s 80C if deduction is respect is allowed u/s 80 CCC.
so answer is 80CCC
Since 80CCC specifically deals with the insurance Annuity plan, it will be exempted u/s 80CCC. However it is speifically mention that no deduction will be allowed u/s 80C if deduction is respect is allowed u/s 80 CCC.
so answer is 80CCC
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
