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Deductions

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2012 DEAR SIR
I HAVE INVESTED RS.75000/-IN PPF + RS.20000/-IN INFRA BOND +5000 IN LIC + RS 150000 HOME LOAN INTERET PAID BY ME.IN 2011-12

I WANT TO KNOW ALL AMOUNTS ARE DEDUCTIBLE?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 March 2012 deduction u/s 80C Rs 80000/-(PPF + LIC)
deduction u/s 80CCF Rs 20000/- (Infra Bonds)

Interest on Home Loan is not eligible u/s 80C. Only principal amount.
But It can be claimed as deduction u/s 24.
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Mihir Doshi

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Mihir Doshi (Expert)
27 March 2012 Agree with Expert
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