Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2012
If i pay a premium of around 40000 which is because of premium not paid since last 3-4 years and sum assured is 2,00,000 and whereas yearly premium is 8000 ? and whether i will get the deduction u/s 80c for f.y 12-13
22 October 2012
You would be able to claim the deduction u/s 80C in the year in which the premium is actually paid.
deepali agarwal
(Expert)
22 October 2012
Yes u wud get deduction under section 80 C for f.y 2012-13
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