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80c deduction s

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(Querist)
08 February 2016 whether we can take deduction for single premium paid of rs 400000 under 80c deduction for one year or more than one year please answer urgently
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 February 2016 only in the year in which the premium was paid.
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 February 2016 it can be claimed in the year of payment, subject to, however, the other conditions under section 80C




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