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lic paid for twoyears

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accountant
322 Points Posted on 16 August 2019
dear sir I have lic not paid for
FY 1718. but I paid in fy1819 for two years lic. i.e fy1718. and fy1819. so can I get 80cdesuction for both year. . plz reply asap
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On 16 August 2019 at 23:59 Report
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Tax Assistant
222 Points Posted on 17 August 2019
You can claim deduction u/s 80c in the year in which you have paid two year premium together. The deduction amount will be two years total subject to overall limit u/s 80C of Rs. 1.5 lakhs
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On 17 August 2019 at 02:56
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"Do the Right Thing...!!!"
128152 Points Posted on 17 August 2019
Yes... You can claim the LIC paid amount in AY 19-20 including FY 17-18 payment.
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On 17 August 2019 at 07:40
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intermediate
304 Points Posted on 17 August 2019
yupp u can up to 15000 is eligible for deduction
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On 17 August 2019 at 10:16
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accountant
322 Points Posted on 17 August 2019
thanks sir
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On 17 August 2019 at 14:28


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