LIC Premium Cash

2167 views
User Avatar

Student
384 Points Posted on 04 September 2022
  • If we make LIC policy premium payment in cash at LIC branch , will we get deduction under 80C OR we have to make payment online to get deduction under 80C ?
2 Reply Share Follow
On 04 September 2022 at 18:37 Report
Replies (3)
Quick Summary
This discussion clarifies whether paying LIC policy premiums in cash at an LIC branch allows for tax deductions under Section 80C. The consensus is that cash payments are indeed eligible for the 80C deduction, meaning you don't necessarily need to pay online to claim this benefit.

User Avatar

PCA
38 Points Posted on 04 September 2022
Yes. section 80c does not prohibit cash payment of lic premium
3 Reply
On 04 September 2022 at 19:16
User Avatar

33 Points Posted on 04 September 2022
We can claim the benefit of deduction in 80C for LIC premium paid in cash.
3 Reply
On 04 September 2022 at 19:19
User Avatar

Chartered Accountant
86505 Points Posted on 05 September 2022
Deduction available
3 Reply
On 05 September 2022 at 00:02

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading