i have paid LIC premium Rs.45000 in cash ....can i claim 80C deduction.?
Menu
80 c deduction
Replies (4)
ti claim deduction u/s 89C, mode of payment is not relevant. you can claim deduction
Yes!!
If you have receipt of payment, then you can.
LIC premium paid in cash will be allowed subject to least of two amount
1. Premium Paid or
2. Specified %age of Sum assured in the insurance.
1. Premium Paid or
2. Specified %age of Sum assured in the insurance.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
