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
- Income tax-wrong head challan
- Regarding berthing of vesse
- Schedule FA reporting - peak value and cash MMF
- Partnership firm with foreign national person
- Audit required
- Deemed Withdrawal of ASMT-13 Orders & Adjustme
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of ITR Form
Related Threads
CAclubindia
