Income tax deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2015
Dear sir,
My company director paid the lic premium receipt as on 12.06.14. This premium made on march Month due. I can take the current year deduction under section 80C for TDS purpose. its possible sir. kindly solve the solution sir. its very urgent for coming up tds remittance purpose.
My company director paid the lic premium receipt as on 12.06.14. This premium made on march Month due. I can take the current year deduction under section 80C for TDS purpose. its possible sir. kindly solve the solution sir. its very urgent for coming up tds remittance purpose.
29 January 2015
The premium payment on 12.06.14 should be considered for deduction during FY 2014-15. Deduction should be allowed on payment basis only.
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