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DEDUCTION......

varun (study) (52 Points)

12 November 2020

Is claiming of chapter viA deductions mandatory?

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3 Replies

Shivam RC (Student) (23683 Points)
Replied 13 November 2020

It's not Mandatory but it helps to reduce your Total Income which results in lower payment of Income Tax.

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ayusmita (Tax consultant) (5885 Points)
Replied 13 November 2020

To reduce the tax liability and to make a proper balance in inflow n outflow of income it is nessacary

JATINDER KUMAR (Accountant) (3662 Points)
Replied 13 November 2020

Not mandatory......

If you are not interested to claim Chapter VI deductions

No restrictions

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