L.I.C
This query is : Resolved
17 April 2009
I have made single payment of l.i.c of rs. 100000.00
Will that be eligible for deduction u/s 80c
Somebody said me that single payments l.i.c are not allowable as deductions
Will that be eligible for deduction u/s 80c
Somebody said me that single payments l.i.c are not allowable as deductions
17 April 2009
The premium amount or 20% of amount of sum assured, which ever is lower, is the eligible amount for deduction u/s. 80C.
17 April 2009
shyam is correct
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