Certificate of expenditure notified u/s 35ac

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2012

DEAR SIR .

I NEED YOUR EXPERT OPINION . ONE OF MY CLIENT SMT RAXABEN BACHUBHAI PRAJAPATI IS A PRIMARY SCHOOL TEACHER . THIS YEAR SHE GETS ARREARS OF SALARY SO AFTER CLAIMING 89 RELIEF SHE STILL REQUIRED TO PAY TAX ON HER INCOME . BESIDES THIS SHE HAS PAID RS 50000 U/S 35AC CERTIFICATE OF EXPENDITURE NOTIFIED U/S 35AC IN FORM NO 58A AS PER RULE 11-0(1) HAVE BEEN RECEIVED .

MY QUESTION IS CAN SALARIED PERSON CLAIM SUCH CONTRIBUTION FROM SALARY INCOME OR THIS IS FOR ONLY THOSE WHO ARE CARRING BISINESS OR PROFESSION .

KINDLY GIVE YOUR OPINION ...

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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09 April 2012 The deduction u/s 35AC is not available for the person having income from salary.
The deduction is available only from income from business & profession.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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09 April 2012 There are different heads under income tax act for charging income tax. If a section falls under a particular head then deduction is available only from the income chargable in that particular head only.

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