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Deduction u/s 80c

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(Querist)
12 June 2019 Sir
I have paid my insurance premium in cash of Rs5000/-. Can I claim deduction u/s 80c for it.
Pl advise.
Regards
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 June 2019 Yes,...................
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
12 June 2019 In order to claim a benefit of insurance under 80C, the premium can be paid in any form, such as cash, cheque or account transfer.
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sanjay

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sanjay (Querist)
13 June 2019 Sir
If I purchase any fixed assets viz mobile for Rs7000/ in cash. Can the Company take depreciation on that amount.
Pl guide.
Regards
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
13 June 2019 Better not to capitalise fixed asset. If bill obtained company name write off as expenses.
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