Deduction under 80 c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2014 if EMI paid or PPF Paid or LIC premium paid after 31 st march is allowable as a deduction for TAX calculation for salaried person.

CA Devanand Jethanandani (Expert)
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29 September 2014 No, not allowed......

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2014 but sir if i LIC premium paid after 31st march with interest then premimum amount is allowed,

CA Devanand Jethanandani (Expert)
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29 September 2014 No, deduction of Insurance Premium is allowed in the year in which payment is made.

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