advance premium paid
This query is : Resolved
22 February 2010
if an individual paid advance premium in FY 09-10 for
LIC or MEDICLAIM for Financial Year 10-11 & 11-12
wether deduction available in FY 09-10
u/s 80c & 80D ?
LIC or MEDICLAIM for Financial Year 10-11 & 11-12
wether deduction available in FY 09-10
u/s 80c & 80D ?
22 February 2010
yes it will be allowable.
However lic premium deduction will be restricted to 20% of the sum assured. If it exceeds that the same will be restricted to 20%
However lic premium deduction will be restricted to 20% of the sum assured. If it exceeds that the same will be restricted to 20%
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