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Maximum amount of deduction under chapter vi

Waseem Syed (271 Points)

09 February 2019

How much maximum amount of deduction can be claimed under chapter vi of income tax act? plz guide.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167976 Points)
Replied 10 February 2019

Aggregate no limit, but each sub-section has its own limitations.

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KAAMIL AHAMADH (ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING) (253 Points)
Replied 10 February 2019

Hi !

The total amount of deductions under Chapter VIA cannot exceed the Gross Total Income of the Assessee.

For example, the Gross Total Income of the Assessee is Rs. 3,50,000/-.
Hence Maximum amount of deductions allowed under Chapter VIA is Rs. 3,50,000

and Also each Sub section has its own limitations...

Regards
KAAMIL AHAMADH

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