Deduction under section 80c

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Sahil (Querist)
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07 May 2014 Respected Sir,

I have taken LIC Policy on dated 31.3.2014 & deposit Rs, 50000/-as Premium on the same date.

Please tell me this amount is eligible under section 80c for the f.y. 2013.2014.

Sandeep Dharar

Sandeep Dharar (Expert)
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07 May 2014 Yes sahil this amount can b claimed by u u/s 80C for the FY- 2013-14, or if u want u can also claim it in the next financial year.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 May 2014 yes it shall be eligible....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 May 2014 Dear sandeep,

it cannot be claimed in next year as deduction is on payment basis.

Sahil

Sahil (Querist)
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16 May 2014
I have an HUF in which there is unsecured loan.
Plse tell me is it mandatory that interest debited agst. these loan & TDS Dedcution
on interst?

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