Allowable Deduction u/s 88
Vijay Kumar (2 Points)
29 June 2019
What is the maximum amount of subscripttion to Mutual Fund which is allowable for deduction u/s 88 for AY 2018-19 ?
Vijay Kumar (2 Points)
29 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171384 Points)
Replied 29 June 2019
Nil.
No deduction from the amount of income-tax shall be allowed under this section 88 to an assessee, being an individual or a Hindu undivided family for the assessment year beginning on the 1st day of April, 2006 and subsequent years.
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