obtain information about section 80C,80G,80D of the income Tax Act
Answers
Answer:
In common you can claim of Rs. 3 lakh under section 80C,80G,80D of the income Tax Act.
Step-by-step explanation:
Section 80C:
Claim of Rs. 1.5 lakh is possible under this act. Below this action, investments and expenses are taken into consideration as an individual or on behalf of Hindu Undivided Family (HUF). There are investments that counted under this category to claim: life insurance policy premium, contribution to ULIP, contribution to public provident fund and many more.
Section 80G:
You can claim of 100% or 50% on your list of donation. But clothes, food type elements are not permissible for deduction. Here is the list of places where you can donate and claim like National Children’s Fund , Swachh Bharat Kosh etc.
Section 80D:
Under this section, you can claim on payments you make on medical premiums. there are great benefits if you pay insurance on your parent's name.
Step-by-step explanation:
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