Deduction under section 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2010
One of my client had paid his LIC Premium through cheque on 31.03.2010 and got receipt from LIC of India with a remark subject to clearance.LIC of India presented the cheque for clearing on 09.04.2010 and also got the cheque cleared on 09.04.2010. Now the question arises whether the assesse will get the benefit of 80C in the previous year 2009-2010 or not.If not then is not it wrong for negligence of LIC of India.
18 October 2010
Hi
as per the banking transaction if you deposit the chq it takes 2 days to realise the same.
therefore if you deposit the chq 2 days before in LIC the chq will be realised & you can get the the deductions before 31st march.
therefore you are not eleigible for get the deduction before 31st march nor LIC is not responsible for the above situation.
as per the banking transaction if you deposit the chq it takes 2 days to realise the same.
therefore if you deposit the chq 2 days before in LIC the chq will be realised & you can get the the deductions before 31st march.
therefore you are not eleigible for get the deduction before 31st march nor LIC is not responsible for the above situation.
18 October 2010
you are not eleigible for get the deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
