Expenditure during the month of march.

Vidya Sagar (4 Points)

10 March 2016  

Good afternoon all.

    I am a salaried employee. Income received or receivable in the month of March to February during the current financial year and needs to be disclosed as Salary for March received in April to February received in March. I request to clarify that, "whether I can claim savings in LIC premium paid during the month of March" The treasury authorities are objecting this and saying that Premiums paid during March cannot be disclosed in IT Return. Please clarify