Hi,
if i will pay Lic premium which due on 28th March after 1st April, then in which year i can claim for deduction?
Hi,
if i will pay Lic premium which due on 28th March after 1st April, then in which year i can claim for deduction?
Deduction is available in the year of payment only.
However, If you pay the same thru credit card upto 31 March 16, you can claim the deduction in this year only and cash outflow from your pocket will be in april.
Thanks
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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