Query on tax
This query is : Resolved
08 October 2013
Hey frnds
what is the effect of filing the return late on lic premium???
what is the effect of filing the return late on lic premium???
08 October 2013
No impact. deduction under 80C shall be allowed.
08 October 2013
Your question is not clear. Please redraft again.
08 October 2013
MY QUESTION IS THAT MY CLIENT IS FILING THE RETURN LATE i.e IS HE WANTS TO FILE IN DECEMBER WILL IT HAVE ANY IMPACT ON DEDUCTION CLAIM FOR LIC PREMIUM???i.e HE CAN CLAIM DEDUCTION FOR THE SAME OR NOT???
08 October 2013
No impact. He/she can file the return in dec. No prob regarding 80c claims
08 October 2013
No Issues. Even in case of belated return u/s 139(4) the deduction will be available.
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