Deduction available for certain Investments / Payments etc. Section 80C
1. Applicability: Individual or HUF 2. Conditions: Investments or contribution should be made in approved investment schemes. The payment need not necessarily be made out of income chargeable to tax. Deduction shall be allowed only on payment basis not on accrual basis. 3. Maximum deduction: The maximum amount along with deduction u/s 80CCC and 80CCD […]
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