Deductions under chapter VIA of Income Tax Act

Page no : 2

Ankit Hinduja (Student) (1227 Points)
Replied 18 December 2012

Originally posted by : DEEPA VYAS
Thanx for sharing.......very useful


Anil Kumar Gattani (Article) (61 Points)
Replied 19 December 2012

can anybody explain what is "Time Deposit" as mentioned in sec 80TTA


CA Himali Gajjar (student) (340 Points)
Replied 19 December 2012

very useful notes:)

thanks for sharing


Ramesha.M (Accountant) (800 Points)
Replied 19 December 2012

 

It is really Helps to me Thaks a lot Sir

 

Best Regards

Ramesha.m

1 Like

Hardik Dave (IPCC and CS Professional(FINAL) Student)   (15533 Points)
Replied 19 December 2012

Realy wonderful.smile. Thanku for sharing, keep sharing.



(Guest)

gud 1...


K JAGABANDHU PATRO (STUDENT) (34 Points)
Replied 19 December 2012

Thanks for sharing

 


Indu. (ARTICLE ASSITANT) (488 Points)
Replied 19 December 2012

VERY USEFUL, THANKS 4 SHARIN


CA Mansi Kotecha (Keep Smiling !!) (6890 Points)
Replied 20 December 2012

Very Nicely xplained..Thank you


@VaibhavJ (Believe!! Live your dreams!)   (33516 Points)
Replied 20 December 2012

thanks to all for liking!!!



@VaibhavJ (Believe!! Live your dreams!)   (33516 Points)
Replied 20 December 2012

Also you can download in word file.. here is link

/share_files/income-tax-deductions-chapter-via-for-individual-80c-etc--53334.asp

Thanks..

1 Like

CA MANISH AGRAWAL (Practice) (539 Points)
Replied 20 December 2012

Thanx  u for post.


Dhanya Sreedhar (CA final, doing Job) (661 Points)
Replied 22 December 2012

Again good Job.....!!!. yes


Jiral Savla (Senior) (35 Points)
Replied 22 December 2012

  

Your contribution about deduction under chapter VI-A is very helpful & have many new updates
I have one query about Section 80CCG: Rajiv Gandhi Equity Saving Scheme
What do you mean by "(maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000)."
 
 
 Can u answer the following?
 income (Rs.)  Tax (Rs.)     amt invested   amount of deduction
 8,00,000            90,000         75,000                      ?

 9,50,000          1,20,000      1,00,000                      ? 

 
Section 80CCG: Rajiv Gandhi Equity Saving Scheme
As per the Budget 2012 anouncements, a new scheme Rajiv Gandhi Equity Saving Scheme (RGESS) will be launched. Those investors whose annual income is less than Rs. 10 lakh can invest in this scheme up to Rs. 50,000 and get a deduction of 50% of the investment. So if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

 



Vandana Mulchandani (Finance Manager ) (9227 Points)
Replied 22 December 2012

Great job Vaibhav...well complied......Book marked.



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