L.I.C
This query is : Resolved
17 April 2009
I have made single payment of l.i.c of rs. 100000.00
Will that be eligible for deduction u/s 80c
Somebody said me that single payments l.i.c are not allowable as deductions
Will that be eligible for deduction u/s 80c
Somebody said me that single payments l.i.c are not allowable as deductions
17 April 2009
The premium amount or 20% of amount of sum assured, which ever is lower, is the eligible amount for deduction u/s. 80C.
17 April 2009
shyam is correct
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
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
