80 c

This query is : Resolved 

05 March 2009 LIC premium deposit for the month of March'08 on 1st April'08. Can any individual claim this amount under sec 80C for the F.Y. 07-08?


05 March 2009 he can can deduction in year 07-08


05 March 2009 Deduction is on payment basis under sec.80-c.
he will have to claim deduction in 08-09.

05 March 2009 Nitin is right.



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