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Deduction U/s.80C

This query is : Resolved 
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(Querist)
11 September 2008 In the payment of Insurence First Premium made on 28.03.2008 by cheque which is realised on that date.

But the Insurence cover & Policy issued on and from 30.04.2008.

If we taken into account, the premium for deduction u/s.80C for Asst.Year 2008-09 or 2009-10.

pls, clarify.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
11 September 2008 Asst.Year 2008-09
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Vikas Mehta

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Vikas Mehta (Expert)
11 September 2008 One can get the deduction in the asst. year 2008-09.
Because you can take the deduction after realisation of the cheque and it is realiesed in the year 2007-08.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
11 September 2008 BECAUSE PREMIUM PAID TO EFFECT OR TO KEEP IN FORCE A LIFE INSURANCE IS ALLOWABLE
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Rave Erd

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Rave Erd (Querist)
11 September 2008 thanks to dears,
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