no way
its not allowed
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Deduction U/s 80C against LIC premium
Deduction under Sec. 80 C is available on paymnet basis.
Deduction for LIC premium
(i). Premium Paid
(ii). 20% of sum assured.
Whichever is lower.
no
No. deduction on account of lic premium is available in the year in which premium is paid and it is subject to 20% of capital sum assured.
| Originally posted by : CA Dhirendra Singh | ||
 |
Deduction under Sec. 80 C is available on paymnet basis. Deduction for LIC premium (i). Premium Paid (ii). 20% of sum assured. Whichever is lower. |
 |
| Originally posted by : kabita periwal | ||
|
Originally posted by : CA Dhirendra Singh Deduction under Sec. 80 CÂ is available on paymnet basis. Deduction for LIC premium (i). Premium Paid (ii). 20% of sum assured. Whichever is lower. Â |
|
no
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