Deduction under section 80c


This query is : Resolved 

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.

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.

07 May 2014 yes it shall be eligible....

07 May 2014 Dear sandeep,

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

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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