80 c
This query is : Resolved
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?
VINOD KUMAR GUPTA
(Expert)
05 March 2009
No
CA.MANOJ LAMBA
(Expert)
05 March 2009
he can can deduction in year 07-08
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.
he will have to claim deduction in 08-09.
CA.Tarun Maheshwari
(Expert)
05 March 2009
Nitin is right.
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