Can I claim saving under 80c in current year for insurance premium paid for next coming year?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 06 March 2020
Claim as per receipt date...
Kapadia Pravin
(17264 Points)
Replied 06 March 2020
Any LIP premium paid upto 31-3-2020 is eligible for 80C for AY 2020-2021 ( irrespective of premium period )
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 06 March 2020
Deductions under section 80C is claimed on receipt basis, irrespective of the period for which the expenditure is claimed.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 03 April 2020
You can claim as per the date mentioned on the insurance claim
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