Sir,
i have deposited Rs.100000 In PPF account and paid LIC premium Rs.99400 Can i eligible to claim deduction under 80C for Rs.150000/-
6 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 02 May 2022
Yes.You can claim under 80C if you have choosen old tax regime subject other conditions
MPR Sanjay Kumar
(3118 Points)
Replied 02 May 2022
What is mean by purchase consideration and shares consideration give some examples
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 02 May 2022
@ MPR Sanjay Kumar
The amount paid for purchase of property or other assets ( Capital Asset) is called cost of acquisition.
And amount received on sale of capital asset is called sale consideration
The amount paid for purchase of property or other assets ( Capital Asset) is called cost of acquisition.
And amount received on sale of capital asset is called sale consideration
MPR Sanjay Kumar
(3118 Points)
Replied 02 May 2022
So purchase consideration means cost of Acquisition??
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