Can deduction be claimed under section 80C and 80U, from long term capital gains? All India ITR January 31, 2018 06:23 Updated Follow No, you cannot claim deduction under section 80C and 80U, from long tern capital gains. Are you tax prepared? We’re here to help. Related articles What do I lose by having a PPF account? Comments 1 comment Sort by Date Votes safna shajahan January 30, 2018 09:40 found it to be interesting one.great work behind those hands who work behind this. 0 Permalink Please sign in to leave a comment.