What is meant by Qualifying amount?
6 Replies
@ CA. $ahar$h @
(Student)
(338 Points)
Replied 29 December 2009
hi
please clarify in which context are u asking the question
Reetika Goel
(Qualified Chartered Accountant)
(565 Points)
Replied 29 December 2009
The context in which phrases/words are used, provides them meaning.
So, please clarify the context in which you are refering this?
M.PORNIMA
(Coimbatore)
(278 Points)
Replied 31 December 2009
It will come under the section 80D regarding the limiting amount.
Amir
(Learner)
(4016 Points)
Replied 31 December 2009
Hi Pornima,
QUALIFYING AMOUNT SIMPLY MEANS ELIGIBLE AMOUNT OR ADMISSIBLE AMOUNT...
Now the context in which the words have been used is to be seen like "QUALIFYING AMOUNT FOR CLAIMING A DEDUCTION" MEANS THE THE MAXIMUM AMOUNT FOR WHICH DEDUCTION CAN BE CLAIMED..
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