Deduction for lic on due or payment basis?
This query is : Resolved
30 July 2012
Hello Sir
My LIC premium due date was Feb-2012 but i paid it in April-12, In which financial year I can claim this deduction u/s 80C??
My LIC premium due date was Feb-2012 but i paid it in April-12, In which financial year I can claim this deduction u/s 80C??
30 July 2012
You can claim the deduction in AY 13-14 relating to FY 12-13. Deduction is available on payment basis.
30 July 2012
Thank you sir....
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