Section 80C--80U
This query is : Resolved
19 June 2008
What is the Maximum Limit for deduction from Sec80c-80U
19 June 2008
every section states different max. limit for itself like u/s 80C it is 1 lac. some provide percentage based deduction, so it is not feasable to dig it out.
19 June 2008
The total deductions cant exceed all your incomes except income of casual nature..
That means the deductions are restricted to the non casual incomes.
No deduction can be claimed aginst Lotter income, crossword puzzles and race horses.
That means the deductions are restricted to the non casual incomes.
No deduction can be claimed aginst Lotter income, crossword puzzles and race horses.
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