Section 80ccc

This query is : Resolved

Mohd Sarfaraz Latibani (Querist)
Follow

30 December 2008 What is Section 80ccc. What is the maximum limit under section 80ccc.

CA. Dashrath Maheshwari (Expert)
Follow

30 December 2008 http://www.vakilno1.com/bareacts/incometaxact/s80ccc.htm

copy above link and paste to address bar hit ENTER.

Mohd Sarfaraz Latibani (Querist)
Follow

30 December 2008 I am investing in LIC Jeevan Aastha Rs.25000/- does the full amount be allowed as deduction.Plz help

Thanks.

CA Chaitanya (Expert)
Follow

30 December 2008 It depends on the sum assured for your policy.

CA Chaitanya (Expert)
Follow

30 December 2008 The amount invested Rs.25000 or 20% of sum assured whichever is less can be claimed as deduction u/s 80C.

CA Chaitanya (Expert)
Follow

30 December 2008 u/s 80CCC, you can claim a maximum amount of Rs.100000/- as deduction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess