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Thursday, May 18, 2017

Tax Refund on excess investments under Section 80C Investments

Investments made under 80C investments are given a tax deduction (tax break)



Investments made under 80C investments are given a tax deduction (tax break). Under this section, you can invest a maximum of Rs1.5 lakh.

However, if you make investments more than the said limit of 
Rs1.5 lakh, then you do not get any tax deduction on the amount over and above the limit. Nor can you claim a refund. Tax refund is applicable only if you have paid excess tax to the Income Tax department for the financial year.







For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300




 
 

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