An individual has made investments in the schemes approved u/ss 80C and 80CCD of ₹ 2,50,000 and ₹ 1,00,000 respectively during the year ended 31st March, 2021. Amount that can be claimed by him as deduction out of income in AY 2021-22 is:
A. ₹ 50% of ₹ 3,50,000
B. ₹ 1,50,000 u/s 80C and ₹ 50,000 u/s 80CCD(1B)
C. ₹ 1,50,000
D. None of the above
Answer:B
An individual has made investments in the schemes approved u/ss 80C and 80CCD of ₹ 2,50,000 and ₹ 1,00,000 respectively during the year ended 31st March, 2021. Amount that can be claimed by him as deduction out of income in AY 2021-22 is:
A. ₹ 50% of ₹ 3,50,000 B. ₹ 1,50,000 u/s 80C and ₹ 50,000 u/s 80CCD(1B) C. ₹ 1,50,000 D. None of the above