Can I claim saving under 80c in current year for insurance premium paid for next coming year?
Menu
Section 80c life insurance premium claim
Replies (4)
Claim as per receipt date...
Any LIP premium paid upto 31-3-2020 is eligible for 80C for AY 2020-2021 ( irrespective of premium period )
Deductions under section 80C is claimed on receipt basis, irrespective of the period for which the expenditure is claimed.
You can claim as per the date mentioned on the insurance claim
Recent Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
