Premium of lic
This query is : Resolved
Shriprasad Naik
(Querist)
20 December 2015
if payment of lic premium made in cash will it be eligible for deduction u/s 80c?
20 December 2015
Yes. Even if you make payment in cash you will be eligible for deduction u/s 80C. Deduction u/s 80D is not allowed for Medical Insurance premium paid in Cash.
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