Deduction under section 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2010
One of my client had paid his LIC Premium through cheque on 31.03.2010 and got receipt from LIC of India with a remark subject to clearance.LIC of India presented the cheque for clearing on 09.04.2010 and also got the cheque cleared on 09.04.2010. Now the question arises whether the assesse will get the benefit of 80C in the previous year 2009-2010 or not.If not then is not it wrong for negligence of LIC of India.
18 October 2010
Hi
as per the banking transaction if you deposit the chq it takes 2 days to realise the same.
therefore if you deposit the chq 2 days before in LIC the chq will be realised & you can get the the deductions before 31st march.
therefore you are not eleigible for get the deduction before 31st march nor LIC is not responsible for the above situation.
as per the banking transaction if you deposit the chq it takes 2 days to realise the same.
therefore if you deposit the chq 2 days before in LIC the chq will be realised & you can get the the deductions before 31st march.
therefore you are not eleigible for get the deduction before 31st march nor LIC is not responsible for the above situation.
18 October 2010
you are not eleigible for get the deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
