Mode of Payment
eligible for Deduction U/s 80C
is Any Mode Is eligible for deduction U/s 80C?
whether it cover Cash Mode payment?
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SEC-80c Deduction for Specified investment
Replies (3)
Cash Payment is not allowed for claiming deductions under 80C
From FY 2017-18 any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. The donations above Rs 2000 should be made in any mode other than cash to qualify for 80G deduction.
Actually I am Talking About insurance premium Paid in cash Whether It's allowed U/s 80c
Yes, you can claim deduction u/s 80C whether you paid premium in cash or cheque , both are allowed.
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