Exemptions u/s 80 C
This query is : Resolved
01 June 2010
My LIC Premium was due on 31/03/2010 but I paid it on 01/04/2010, shall I consider and take the exemption u/s 80C of this payment for the A Y 2010-11 ?
I will be thankfull if somebody reply to my query.
I will be thankfull if somebody reply to my query.
01 June 2010
The deduction will be given on payment basis. You can claim the deduction for AY 2011-2012.
01 June 2010
DEDUCTION U/S 80C IS AVAILABLE ON PAYMENT BASIS. DEDUCTION SHOULD BE CLAIMED IN AY 2011-12.
01 June 2010
Yes. agree with the experts,
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- 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 ?
Trending Online Classes
CAclubindia
