Lic paymewnt

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 if MR.A when Filing itr Ay 13-14 he was cliamed lic u/s 80C RS. 24000 because he was paid in F>Y 12-13 , because not paid in f.y 11-12Rs.12000, but he was paid total RS.24000 in F.y 12-13 ,


can u tell me in A.Y itr when filling he will able to cliam Lic Rs.24000 for 2yrs in A>Y 13-14 because payment basis
te me ans
1. 80C Rs.12000 or Rs.24000.

30 July 2013 Yes he can claim Rs 24000/-

LIC Premium deduction is available on payment basis.


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