TMI Short Notes

Deduction u/s 80CCC - Deduction in respect of contribution to pension fund

1. Whether deduction u/s 80CCC is allowed only to the resident individuals?

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2. X deposit 1,10,000 in PPF & made a contribution of 410,000 to annuity policy of LIC (eligible for deduction u/s 80CCC).

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3. X deposit 41,000 in PPF & made a contribution of 1,10,000 to annuity policy of LIC (eligible for deduction u/s 80CCC).

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