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Paid to NPS on 31st March and allotment in next year Is deduction valid ?
I made payment to NPS on 31st March and Units of NPS will be alloted in next year i.e. after 31st March so will it be counted towards the deduction of 80CCD(1B) of the year of payment ? Suggest relevant case laws it any.
Replies (2)
Decuction is allowed in the year of which payment deducted from your account
Any specific case law ? Act says "paid or deposited"
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