Deductions
This query is : Resolved
Querist : Anonymous
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?
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?
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.
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.
27 March 2012
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