Lic deduction

273 views
User Avatar

43 Points Posted on 18 August 2020
f.y 19-20 my lic premium i paid on april 2019 and after then on april 2020.
can i take deduction on both premium for income tax of Fy 19-20 as government increased take till june 2020 for 80 c investment purpose
0 Reply Share Follow
On 18 August 2020 at 22:10 Report
Replies (2)
Quick Summary
This discussion clarifies whether LIC premiums paid in April 2019 and April 2020 can be claimed as deductions for the financial year 19-20 under Section 80C. The consensus is yes, as the government extended the deadline for tax-saving investments until June 30, 2020, allowing both payments to be eligible for deduction.

User Avatar

Article
207 Points Posted on 18 August 2020
Yes, you can claim deduction of both LIC premium u/s 80c for FY 2019- 20
1 Reply
On 18 August 2020 at 22:29
User Avatar

31 Points Posted on 18 August 2020
The government has announced that taxpayers have time until June 30, 2020 to complete their tax-saving exercise for FY2019-20.
Reply
On 18 August 2020 at 22:50

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Upload Type - Correction. Not showing in TDS filli
  2. Partnership tax audit query
  3. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  4. Form 146 foreign remittance us citizen
  5. GST 16(2) notice
  6. Which GSTR-1 upload error do you hit most often?
  7. Need advice regarding accounting fees
  8. Is it possible to get a refund for an accidental o
  9. ITR-3 Section P&L - speculative income - no bo
  10. Foreign Assets reporting

More recent discussions | Post

Related Topics :

Loading