Section 80D of income tax act
This query is : Resolved
12 January 2011
For availing deduction U/S80D, payment should me made by way of account cheque only. If payment is made through Credit card, is the deduction available?
12 January 2011
The premium may be paid by any mode of payment other than cash. Note prior to 1st April 2009, premium payment was required to be done only by cheque. Credit card or other online payment mechanism where not allowed. Now all payment modes except cash payment are accepted.
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