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(Querist)
05 March 2009 LIC premium deposit for the month of March'08 on 1st April'08. Can any individual claim this amount under sec 80C for the F.Y. 07-08?
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VINOD KUMAR GUPTA

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VINOD KUMAR GUPTA (Expert)
05 March 2009 No
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CA.MANOJ LAMBA

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CA.MANOJ LAMBA (Expert)
05 March 2009 he can can deduction in year 07-08



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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
05 March 2009 Deduction is on payment basis under sec.80-c.
he will have to claim deduction in 08-09.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
05 March 2009 Nitin is right.

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