Life Insurance Premium IT return deduction

ITR 186 views 5 replies
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Business owner
22 Points Joined June 2022

If I pay Life Insurance Premium of 2021 in June 2022 can I calim that in ITR of 2021 /22

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On 06 June 2022 at 21:27 Report
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Chartered Accountant
86505 Points Joined April 2011
Yes you can claim deduction as per payment
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On 06 June 2022 at 21:44
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CFO- at NHTF
58280 Points Joined August 2012
It can be considered in ITR of AY-2022-23
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On 06 June 2022 at 23:37
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582 Points Joined June 2018
If it is delayed payment of instalment, it is not allowed...
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On 07 June 2022 at 22:44
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28018 Points Joined May 2017
Chapter via deduction.
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On 14 June 2022 at 13:49
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CFO- at NHTF
58280 Points Joined August 2012
LIC deduction is allowed based on payment basis
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On 14 June 2022 at 19:34


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