Vinita (Asst System Analyst) (33 Points)
05 August 2008
Hi,
Does the amount declared for investment include the amount invested in the name of the dependant child?For instance, a person can invest upto Rs 1 lakh. So can he invest another Rs 1 lakh in the name of the dependant child and claim the same. Hence, can he claim Rs.2 lakh of invested amount.
alok raman
(company secretary)
(0 Points)
Replied 05 August 2008
| Originally posted by :Vinita | ||
| " | Hi, Does the amount declared for investment include the amount invested in the name of the dependant child?For instance, a person can invest upto Rs 1 lakh. So can he invest another Rs 1 lakh in the name of the dependant child and claim the same. Hence, can he claim Rs.2 lakh of invested amount. |
" |
yogesh dave
(service)
(376 Points)
Replied 05 August 2008
Rs. 1 lac includes himself, child & spouse. More than one lac cannot be claimed.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
