Is there any limit for Tution Fees under Chapter VI A Deductions? Also the new limit of SEC80C,80CCE & 80CCD is Rs120000. Am I right?
Also can anyone give me the limit for LIC Premium limit for claiming deduction?
sandhya (Senior Assosciate) (65 Points)
12 June 2011Is there any limit for Tution Fees under Chapter VI A Deductions? Also the new limit of SEC80C,80CCE & 80CCD is Rs120000. Am I right?
Also can anyone give me the limit for LIC Premium limit for claiming deduction?
CA AMANPREET SINGH
(Chartered Accountant)
(284 Points)
Replied 12 June 2011
the overall limit for 80C, 80CCC, 80CCD is still 100000
additional 20000 is for sec.80CCF
maximum limit for LIP is 20% of sum assured
Rounak Chawla
(CA Final Student)
(291 Points)
Replied 12 June 2011
| Originally posted by : AMANPREET SINGH | ||
 |
the overall limit for 80C, 80CCC, 80CCD is still 100000 additional 20000 is for sec.80CCF maximum limit for LIP is 20% of sum assured |
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correct answer....
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