re: categories under 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2010
Hello:
As per the announcement, the limit on 80C savings has been increased from 1 lakh to 1.20 lakhs.
Could you please let me know if there are any additions made to the categories under 80C?
Presently, we have
1. Premiums on life insurance policies
2. Pension plan premiums
3. ULIP premiums
4. PPF
5. ELSS etc
In addition to these, will any extraones also be added to accomodate the additional 20K?
Also, presently, one can invest only upto Rs 70, 000 per year in the PPF account. Is there any increase made in this limit?
thank you
As per the announcement, the limit on 80C savings has been increased from 1 lakh to 1.20 lakhs.
Could you please let me know if there are any additions made to the categories under 80C?
Presently, we have
1. Premiums on life insurance policies
2. Pension plan premiums
3. ULIP premiums
4. PPF
5. ELSS etc
In addition to these, will any extraones also be added to accomodate the additional 20K?
Also, presently, one can invest only upto Rs 70, 000 per year in the PPF account. Is there any increase made in this limit?
thank you
26 February 2010
Deduction of an additional amount of Rs.20000/- allowed, over and above existing limit of Rs.1 Lakh on tax savings, for investment in long term infrastructure bonds as notified by the Central Government
02 March 2010
Agreed with Mr.Ramesh. this is for AY 2011-12
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
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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?
- Query for dubts
Trending Online Classes
CAclubindia
