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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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