LIC Premuim

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 August 2010 LIC premium paid in cash in the Month of April 10 pertaining to March 10....
Whether it will be allowed in A.Y 2010-11 or A.Y 2011-12..?? Plz reply

14 August 2010 AY 2011-12

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 August 2010 But in A.y 2011-12, again payment will be made for LIC.. Then it will be accounted twice in that year... Will that be ok..??

14 August 2010 Yes. The total amount paid in FY 2010-11 will be allowed as deduction u/s 80C in AY 2011-12.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 August 2010 Thanks...

14 August 2010 Agree with Expert Sanjay


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details