CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
08 June 2010
I have paid Rs. 15000 towards contribution to pension fund U/s 80CCC of my patents . Can i eligiable for deduction U/S 80CCC?
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 02 July 2010
An assessee can claim deduction u/s 80CCC for his contribution towards pension plan.
However; pension plan taken for parents is not allowable for deduction.
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