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Section 80c of income tax act 1961 for ay 2015-16

section 80c of income tax act 1961 for ay 2015-16

We runs you through the provisions of Section 80C.
Another provision that would be eligible for exemption under Section 80C is any sum paid towards fixed-deposit schemes of hudco or to any housing board, which is constituted in India for the purpose of planning, development or improvement of cities or towns.
According to the law, the amount paid towards stamp duty, registration fees and other expenses for the purpose of transfer of house property to the owner also qualifies sex and the city season 3 episode 2 for tax exemption.Provision related to Advance tax not applicable if such case.1,08,624 in tax-saving instruments to claim Full deduction U/s.The interest for the first year comes to.48 lakh and principal payment comes to Rs 41,376.Special provision for computing profits and gains of business on presumptive basis For Assessment Year 2013-14.
Equity-linked savings scheme MF or Ulips.
However, we highlight those schemes that are little known and which many investors avail of sparingly.
For failure to keep, maintain or retain books of account, documents, etc.To apply for Tax deducted at Source Account number, the Assessing Officer shall impose a penalty which may be equal.Separate windows live mail update 2013 deduction cannot be claimed for Depreciation.In case of : (i) an offence falling under (f) above, the penalty may be levied by the Chief Commissioner or the Commissioner (ii) in all other offences it will not be levied by any authority below the.There is no need to maintain books of account related to such business as required under section 44AA.