Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2013
I have paid LIC to take policy on my own life in FY 2012-13 however the policy has not been passed in the FY 2012-13,my quetion is I can take 80C benefit in FY 2012-13 or I should take tax benefit in FY 2013-14
13 May 2013
Deduction is available in respect of Financial Year in which premium is paid. So if you have LIC receipt (Showing date of payment in FY 2012-13) you will get deduction in FY 2012-13 i.e, AY 2013-14.
13 May 2013
Agree with expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Youtube income
- GST APPEAL ITC
- Surcharge applicability on LTCG loss
- ITR-U for AY21-22
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Requirement of Form 15CA CB - Rent payment
- Common service
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
