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?
Menu
SEC-80c Deduction for Specified investment
Replies (3)
Quick Summary
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.
Recent Topics :
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
Related Topics :
CAclubindia
