section 80C
This query is : Resolved
23 March 2009
hi!frnz
If assessee did not pay insurence premium last year and during the assessment he paid those two years,
can he claim total premium during the assessment year for chapter VIA
If assessee did not pay insurence premium last year and during the assessment he paid those two years,
can he claim total premium during the assessment year for chapter VIA
23 March 2009
yes, he can claim the deduction this year on the premium paid by him.
23 March 2009
yes, he can claim the deduction this year on the premium paid by him.
23 March 2009
yes, he can claim the deduction this year on the premium paid by him.
23 March 2009
ok my doubt is whther he clim only prvious year premium or on pyment basis i.e how much paid(including last previous year's premium)
23 March 2009
you can claim deduction upto 100000 including last year premium.
23 March 2009
yes, he can claim the deduction this year on the premium paid by him.
23 March 2009
Deduction is allowable on actual payment but not due basis.
23 March 2009
i am thnakful to u
23 March 2009
yes assessee can claim it
23 March 2009
YES ON PAYMENT BASIS HE CAN CLAIM IT PROVIDED WITHIN THE LIMIT OF RS.1.00 LAKHS
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