80c actually paid

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514 Points Posted on 13 January 2023
lic premium due can I claim under 80c.?or actually paid only?pls reply thanks in advance
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On 13 January 2023 at 10:23 Report
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This discussion clarifies that LIC premiums under Section 80C can only be claimed on a payment basis, not just when the premium is due. While most deductions under 80C and 80D follow this rule, there's an exception for advance payments in Section 80D.

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SEO Sai Gr. Hosp.
212503 Points Posted on 13 January 2023

Sec. 80C claim for LIC premium can be claimed only on payment basis...

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On 13 January 2023 at 12:29
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514 Points Posted on 13 January 2023
What about other deductions in 80c &80d?
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On 13 January 2023 at 14:48
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SEO Sai Gr. Hosp.
212503 Points Posted on 13 January 2023

Mostly on payment basis only, exept with approproation when premium paid in advance for sec. 80D of the act.

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On 13 January 2023 at 14:52

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