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Deduction in respect of life insurance premium paid

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2018 Hello Sir/Madam,

If I pay life insurance premium in March 2018, can I avail the deduction u/s 80C of the Income Tax Act in FY 2018-19 instead of FY 2017-18?

Thanks.
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Expert : Anonymous

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Expert : Anonymous (Expert)
20 January 2018 Receipt date is after 1st April 2018 then you can claim FY 18-19

By RAJA P M
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RAJA P M

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RAJA P M (Expert)
20 January 2018 Receipt date is after 1st April 2018 then you can claim FY 18-19

By RAJA P M
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2018 Thank you very much.
Suppose the receipt date fall in March 2018 (FY 2017-18) but I am unable to claim it in FY 2017-18.
Can I claim it in FY 2018-19?
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RAJA P M

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RAJA P M (Expert)
24 January 2018 No....
We can't claim after the FY if receipt date is previous FY...
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2018 Thank you very much, again!
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