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80c deductions

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04 April 2015 lic premium of previous 2 years is paid in current financial year is eligible for 80c deduction while filing the income tax return?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 April 2015 Yes, LIC premium can be claimed as deduction on payment basis only. Deduction can be claimed.

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