Deduction u/s 80c

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sanjay (Querist)
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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

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

KAVIRAJA ADDANGADI (Expert)
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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.

sanjay (Querist)
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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

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

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