04 July 2024
My query is , My uncle retired from a PSU in June'2023. Employer shown a deduction of Rs. 71130 u/s 80CCD(2) in Form 16 part B (TRACES) and deducted the TDS accordingly. Now when I am going to file the return AY 2024-25(FY 2023-24) in ITR 2 , System is showing "Amount eligible for deduction under section 80CCD(2) = Rs. 0 " why is this happening ?
1) retired person is not eligible to claim deduction u/s 80CCD(2) ? (then how the employer show the deduction amount in TRACES Form 16 part B ? ) OR 2) it is a system fault ?
CAclubindia
