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Deduction u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2012 If i pay a premium of around 40000 which is because of premium not paid since last 3-4 years and sum assured is 2,00,000 and whereas yearly premium is 8000 ? and whether i will get the deduction u/s 80c for f.y 12-13
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swasti

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swasti (Expert)
22 October 2012 You would be able to claim the deduction u/s 80C in the year in which the premium is actually paid.
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deepali agarwal

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deepali agarwal (Expert)
22 October 2012 Yes u wud get deduction under section 80 C for f.y 2012-13
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