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Deduction U/s 80C


Amol Pawar (Accountant)     07 April 2020

Amol Pawar
Accountant 
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My LIC policy was due on 22/03/2020. But it has paid on 07/04/2020 due to korona lockdown. My query is that can I claim this deduction for the FY 2019 - 20?

Mandakulathur Ananthanarayanan   07 April 2020

Mandakulathur Ananthanarayanan

 10 likes  176 points

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Yes. The deadline has been extended to June 30, 2020 for FY 2019-20 investments in view of COVID - 19. So, you can claim the premium paid in April for FY 2019-20 itself.

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RAJA P M ("Do the Right Thing...!!!")     07 April 2020

RAJA P M
"Do the Right Thing...!!!" 
 8292 likes  113456 points

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@ Mr Amol Pawar.,


Yes... You can claim deduction in FY 19-20 for the LIC due paid on 07/04/2020...
Bcoz, the investments due date extended from 31st Mar-20 to 30th Jun-2020 by CBDT.

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Amol Pawar (Accountant)     07 April 2020

Amol Pawar
Accountant 
 3 likes  87 points

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Thanks both of you


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