Deduction u/s 80 c
This query is : Resolved
Jaspreet Singh
(Querist)
01 August 2016
Sir/Ma'am
My client has deposited LIC insurance premium twice in the year mistakenly , the due date for the last premium paid was on 4/04/2016 but he paid on 29/03/2016.
He wants to carry over the deduction in the next Financial year, As he crossed his 80c limit. Can he do that ?
My client has deposited LIC insurance premium twice in the year mistakenly , the due date for the last premium paid was on 4/04/2016 but he paid on 29/03/2016.
He wants to carry over the deduction in the next Financial year, As he crossed his 80c limit. Can he do that ?
01 August 2016
No, you cannot carry forward the premiums paid to next year for claiming deduction.
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