02 May 2012
My client Gross Salary Income More than 15 Lacs for Assessment year 2010-2011 and Deduction of 80C 1 Lac ITR 1 Submitted and claim Deduction of 80C Rs. 1,00,000/- but Assessment order of Income Tax Deduction of 80C not accept and Demand Rs. 38000/- including Surcharge
So my Question why 80C Deduction is not Accepted in Asset. year 2010-2011
please guide me
Manoj Kumar (ITP) Bhagalpur E-mail. manoj_bgpitp@rediffmail.com Mobile No. 9431873180
02 May 2012
Dear Friend, according to the provisions of Section 80C of the Income Tax Act, 1961 you will get maximum deduction of Rs. 100000/- from Taxable Income by investing in various schemes. You have to submit details of investment to the Income tax office and you will get the deduction. Thanks
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