Hello,
I have one query regarding premium.
I have taken one policy before 3 years.
At that time i paid first premium.
And for 3 years i didnt pay premium.
And this time i paid all 3 premiums with interests.
So i just want to know that can i get deduction "for only current year" or "for previous years" also.
Thanks.. in advance....
The deduction for Life insurance premium u/s. 80C will be allowed in the year in which it is paid, irrespective the year for which it is paid.
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
