80 C LIC
This query is : Resolved
15 December 2009
I want to pay LIC premium halfyearly basis for the period Jan'09 to June'09 on 1st Jan'09. Under 80 C, LIC can claim on payment basis. So, Can I claim LIC premium for the next f.y. 2010-11 (period April'09 to June'09) in the F.Y 2009-10 (A.Y.2010-11)?
15 December 2009
If you pay late; then the deductions will be available in the year of payment for both the instalments.
Murtaza I Bhagat
(Expert)
15 December 2009
80C applicable on Payment Basic.if You pay 2 Years Premium in one year then you can claim that Benefit on that Year.
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