deduction u/s 80C
This query is : Resolved
17 October 2009
X pays life insurance by cheque on 31.03.2009, cheque gets cleared on 04.04.2009, can he claim deduction u/s 80C for the A.Y.09-10.
17 October 2009
YES. The reason is since the cheque is honoured, the date of tendering (31/03/2009) will be treated as the date of deposit of money.
18 October 2009
Yes ofcourse it can be claimed if the tender date on the LIC receipt is 31/03/2009.
18 October 2009
Agree with Rajeev
18 October 2009
Agree with experts
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