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Lic premium

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644 Points Posted on 27 July 2014
Lic premium paid on 30.3.14 by chq. Chq. Cleared on 4.4.14 in which year we can take deduction ?
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On 27 July 2014 at 17:25 Report
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Student as well as Self-employed
3710 Points Posted on 28 July 2014
deduction to be taken in the year in which receipt of lic prem. was generated, which in your case will be 30.03.14 and hence deduction to be taken in FY 13-14.
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On 28 July 2014 at 00:04
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644 Points Posted on 28 July 2014
Thank you for reply
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On 28 July 2014 at 08:28

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