Hello all,
Can a employee claim the investments/housing loan repayments(Principal+interest) made by him prior to joining his employer in the same financial year, e.g if an insurance premium was paid by the employee in May 2011, and he has joined the employer in July 2011. Is he eligible for the amount of premium paid in May 2011 for A.Y 2012-13? Please also provide any source, if available.
Regards,
Yes Indeed, why not? We take for the whole of the year. Let others too share their thoughts on this!
The deductions are available on yearly basis. So any eligible payment made from April 2011 till March 2012 can be claimed as deduction u/s 80C
no doubt, you can claim it.
RMA And Associates LLP
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Abic and Mani Chartered Accountants
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S.B.G. & CO. CHARTERED ACCOUNTANTS
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