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Life insrance payment in grace period and tax implication

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Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2013 I have LIC policy whose insurance premium due date is in March Month. Suppose i make payment of premium in April month (Within grace period of due date) whether i can claim the payment made in April (Due date March) as investment made for previous year (i.e. prior to April month).

Or the investment made in any financial year are taken on the basis of payment dates irrespective of INVESTMENT /LIC due date.

NILESH GUPTA

NILESH GUPTA (Expert)
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14 January 2013 Its on the basis of payment date i.e payment made within the FY is to be considered.

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2013 Thanks Mr. Nilesh Gupta, for clearing the points...

regards
shaiesh...

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