Today news
About the same in other media
Revised Income Tax Return: Failed showing investment upto Rs 1.5 lakh in SCSS, SSY, NSC? Do this now
Reading now: 267
Investments made in schemes like Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF) etc. are eligible for deduction under Section 80C of the Income Tax Act, 1961. You can claim a deduction of up to Rs 1.5 lakh by investing this amount in such schemes eligible for deduction under this section.
For tax benefit, total investment in all such schemes should not be more than Rs 1.5 lakh a financial year. While filing the Income Tax Return, it is important to show investments in eligible schemes under Section 80C. Failing to do this would mean no tax benefit for such investment in the financial year.
What if someone forgets to show Section 80C investment while
Read more on financialexpress.comAbout this in other media
Tim Cook Invests In Crypto But Don't Expect It On Apple Pay, For Now ndtv.com /3 years ago
Coinbase shares to open lower after 75% drop in net income in Q3 cointelegraph.com /3 years ago
India: both Income tax and GST may apply to crypto ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
