EXEMPTION LIMIT
This query is : Resolved
06 November 2007
HI,
SOMEBODY TOLD ME THAT IF WE INVEST RS100000/-IN KISSAN VIKAS PATRA THEN WE ARE ABLE TO TAKE EXEMPTION FOR THAT FULL AMOUNT WITH RS100000/- OF 80C MEANS I WANT TO ASK THAT CAN WE CLAIM EXEMPTION OF RS200000/-
PLZ SUGGEST ME.
THANKS
SOMEBODY TOLD ME THAT IF WE INVEST RS100000/-IN KISSAN VIKAS PATRA THEN WE ARE ABLE TO TAKE EXEMPTION FOR THAT FULL AMOUNT WITH RS100000/- OF 80C MEANS I WANT TO ASK THAT CAN WE CLAIM EXEMPTION OF RS200000/-
PLZ SUGGEST ME.
THANKS
06 November 2007
Sec. 80 C allows only maximum of Rs.100000.
So there is no question of exemption of Rs.200000 in one name.
So there is no question of exemption of Rs.200000 in one name.
06 November 2007
UNDER SEC 80C A MAX OF 1L CAN BE CLAIMED AS EXEMPTION
06 November 2007
Rs.100000/- is the maximum exemption limit. Moreover Kissan Vikas Pathra is not eligible for 80-C deduction.
19 November 2007
INVESTMENT IN K.V.P. DOES NOT GIVE U ANY RELIEF UI/S. 80C.
15 January 2008
Yes that is true.
Under 80 C a max of 1,00,000 can be exempted.
It may be in one invt or a aggregate of all invt as the case may be.
Under 80 C a max of 1,00,000 can be exempted.
It may be in one invt or a aggregate of all invt as the case may be.
08 April 2008
Yes I agree with mr. S. Ravichandran
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
