hi,
i have taken a insurance policy & made the the payment of Rs 25000 on 31.3.2009, but the insurance policy commences on 1.4.2009. my question is that whether i can cliam the exemption on P.y 2008-09 or 2009-10.
Thanks In Advance
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80 c exemption
Replies (2)
you must claim exemption under section 80C in the financial year for which the date of first premium receipt comes
in the year of payment
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