LIC Premuim

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Querist : Anonymous

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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

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Querist : Anonymous

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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.

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Querist : Anonymous

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14 August 2010 Thanks...

14 August 2010 Agree with Expert Sanjay


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