Tag Archives: Section 80CCD

Deduction under section 80CCD for self-employed individual w.e.f AY 2018-19

By | February 22, 2018
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CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 37. Rationalisation of deduction under section 80CCD for self-employed individual. 37.1 The provisions of section 80CCD of the Income-tax Act provide that employees or other individuals shall be allowed a deduction for amount deposited in National Pension System trusts (NPS). The deduction under section 80CCD(1) of the Income-tax Act could not… Read More »

Atal Pension Yojana notified for 80CCD of Income tax Act

By | February 22, 2016
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THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th February, 2016 Income-tax S. O. 529(E).— In exercise of the powers conferred by sub-section (1) of section 80CCD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby… Read More »