Topic: What is the benefit under section 80L available for assessment year 2008-09?

please tell

Section 80L has been abolished in the last assessment year itself. Now, no deduction (under section 80L) is available for certain interest income like interest on bank deposits, national savings certificates, etc.
However, interest earned on NSC's can be claimed as a deduction under section 80c.

krupade wrote:please tell

under 80 L is separate for tax examption?

Section 80 L is out of 80c?

iS INTEREST ON NSC IS TAXABLE

With proper tax planning you can reduce your tax liability; save more; invest better and become wealthier.

http://holisticinvestment.in/plan-your-taxes

Regards,

Ramalingam K, MBA, CFP,

Chief financial planner,

Holistic Investment Planner private limited,

www.holisticinvestment.in

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