Deduction u/s 80CCC

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rajesh (SERVICE) (35 Points)
Replied 23 August 2010

IF MY GROSS INCOME 5 LACS & I HV INVESTED RS 1 .02 LACS IN LIC, WHERE I CAN TAKE BENEFIT UPTO 1 LAC

BUT IF SUPPOSE I ADDITIONALLY INVEST RS 1.20 LACS IN PERSONAL PENTION PLAN U/S 80CCC WILL I GET THE BENEFIT OF THIS ALSO

THAT MEANS I GET BENEFIT OF RS 1 LAC + 1.20 LACS IS THAT OK

CMA Thiru (CA FINAL STUDENT) (378 Points)
Replied 23 August 2010

You Canot Claim Sir...

Life Isurance Premium Paid--Deduction Eligible under Section 80C

This Section is Allowed Followa...>>>

IF INDIVIDUAL CASE: Only Payment Made by Self, Spouse, Child

IF HUF: Payment Made by Any Member of HUF

So U Have HUF Status Then Allowed LIC Premium u/s 80C

Subhash (Data analysist) (24 Points)
Replied 26 April 2011

LIC Premium deduction up to 100000.00 US 80CCC

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