section 80C of income tax act?

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section 80C of income tax act?

2006-08-11 08:28:24 · 2 answers · asked by virgo 1 in Education & Reference ➔ Financial Aid

2 answers

Deductions available under section 80C are of special nature and are allowed to certain specific categories of taxpayers. They are in relation to various investments, payments and incomes. The purpose of this Section is to encourage savings, such as Life Insurance premia, contributions to public provident fund etc. Please refer to Income Tax Act of latest edition.

2006-08-11 09:19:53 · answer #1 · answered by SRIRANGAM G 4 · 0⤊ 0⤋

Get it from the IRS web site (www.irs.gov).

2006-08-11 15:30:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋