Deduction for life insurance premium paid in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2014
Hi,
Is insurance premium paid in cash allowed as deduction from Income..
I paid my premium partly in cash & balance by cheque
Is insurance premium paid in cash allowed as deduction from Income..
I paid my premium partly in cash & balance by cheque
09 May 2014
Yes all the premium paid by any method during the year is allowed(upto Rs. 1L)
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