Poonawalla fincorp
Poonawalla fincorp

Premium of lic

This query is : Resolved 
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(Querist)
20 December 2015 if payment of lic premium made in cash will it be eligible for deduction u/s 80c?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 December 2015 Yes. Even if you make payment in cash you will be eligible for deduction u/s 80C. Deduction u/s 80D is not allowed for Medical Insurance premium paid in Cash.

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