80c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 Dear Sir,
In one of the case net profit of assessee is Rs. 180000/- in fy 2012-13 and his lic premium is Rs 3500/-.

Whether it is prudent to claim lic premium in return u/s 80c
or
It is not required to mention in return.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 August 2013 if he is non senior also male still he is below rs 2,00,000 exemption it will not make any diff, but advisable to claim as it will amount to true disclosure.

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