Lic premium paid
Querist : Anonymous
1. Lic Premium Paid on 01.04.17 which is due on 31.03.17. Can it be claimed as deduction u/s 80 of income tax in A.Y 17-18?
2. Lic Premium Paid on 08.03.16 which is due on 31.03.16 but not claimed as deduction u/s 80c of income tax in A.Y 16-17. can be claimed as a deduction in A.Y 17-18 due to not availing deduction in the previous year.
3. What will be the deduction if the policy is term policy for an individual up to the age of 70 years and the premium paid by him is 20000 and the sum assured value is 75lacs? as it is less than 10% of sum assured entire 14000 will be allowed as deduction or not
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- Non filing of I T Returns
- SALARY CAN BE CAPITALIZE
- Change Of Karta In Case of Death
- Salary from Qatar in Dollars in India
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
