80C Limit in IT Act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2010
Is limit of sec.80C Limit extended to 125000 and 80CCF "Infrastructural Bonds" to 25000 for F.Y. 2010-2011 ???
27 December 2010
Rs. 120000 ( 20000 for bonds)
Message likes :
1 times
27 December 2010
I agree with the expert
27 December 2010
The total deduction under Sec 80C(alongwith section 80CCC and 80CCD) is limited to Rs. 1 lakh only. An additional deduction upto a maximum of Rs. 20,000/- will be available from Assessment Year 2011-12 (FY 2010-11) for investment in Infrastructure Bonds.
27 December 2010
Agreed with the above experts.
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