80c lic deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2016
Dear Experts,
I have paid Rs. 167890/- LIC premium in AY 2016-17 and for the same taken deduction of 150000/- u/s 80C in the return of AY 2016-17,
Plz tell me can i claim the deduction of rest 17890/- in the return of AY 2017-18
Thanks & Regards
Sunil Kumar
I have paid Rs. 167890/- LIC premium in AY 2016-17 and for the same taken deduction of 150000/- u/s 80C in the return of AY 2016-17,
Plz tell me can i claim the deduction of rest 17890/- in the return of AY 2017-18
Thanks & Regards
Sunil Kumar
21 October 2016
No. The deduction is per annum basis and is granted for the amount paid in that year.
21 October 2016
No Deduction is Allowed only in the year of Payment , Excess paid above Limit is not be Considered for Future Savings.
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