Poonawalla fincorps
Poonawalla fincorps

80 c

This query is : Resolved 
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(Querist)
23 August 2015 kindly tell me the following...... if LIC premium cheque is deposited on 10 March 2015 but not cleared till 31march 2015. can deduction be claimed in AY 2015-16.. thanks in advance..
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
23 August 2015 Check the LIC premium receipt. You can claim the deduction on payment basis. Date on LIC receipt will be considered.

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