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section 80C

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(Querist)
20 January 2009 hi, LIP Amount paid in cash, this amount is Deductable under section 80C ?
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Mukund

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Mukund (Expert)
21 January 2009 Yes it will deduct u/s 80C
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
21 January 2009 Yes. Mode of payment has no effect on the deduction.
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O.D.SHARMA

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O.D.SHARMA (Expert)
21 January 2009 yes ,but only in the financial year
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