deduction under 80 c
Ashish Khillan (Gaining knowledge) (1039 Points)
28 July 2019thnk you.
Ashish Khillan (Gaining knowledge) (1039 Points)
28 July 2019
shubham
(finance head)
(47 Points)
Replied 28 July 2019
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 28 July 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 28 July 2019
1. Form 16 is just an acknowledgment and it is not your final computation.
2. If the company has not considered certain deductions then if proper documentary evidence is available with respect the same then it can be claimed at the time if filing income tax return.
3. In your case tuition fee and insurance premium can be claimed as deduction u/s 80C provided all the necessary documentary evidence with respect to the same are available.
Please correct me if the interpretation has an alternative view.