What is the significance of the clause - the payment should be made out of income chargeable to tax used in Section 80D.
When under section 80C, the payment may or may not be made out of income chargeable to tax.
1 Replies
CA Parth Shah
(Job - Practicing in GST)
(141 Points)
Replied 19 April 2019
u will get deduction up to only income chargeble to tax other then special rate...not more than that
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