Section 80E deduction: refund of annuity deposit not income from personal exertion, affecting deduction eligibility. Deduction under Section 80E(6)(i) is not allowed where an individual's gross total income includes income under the heads Interest on Securities, Income from House Property, Capital Gains, or Other Sources (insofar as not immediately derived from personal exertion) and the aggregate of such income exceeds ten thousand rupees. The refund of an annuity deposit is not to be treated as income immediately derived from personal exertion for this purpose.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 80E deduction: refund of annuity deposit not income from personal exertion, affecting deduction eligibility.
Deduction under Section 80E(6)(i) is not allowed where an individual's gross total income includes income under the heads Interest on Securities, Income from House Property, Capital Gains, or Other Sources (insofar as not immediately derived from personal exertion) and the aggregate of such income exceeds ten thousand rupees. The refund of an annuity deposit is not to be treated as income immediately derived from personal exertion for this purpose.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
