section 80C

This query is : Resolved

CA Raghavender (Querist)
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23 March 2009 hi!frnz
If assessee did not pay insurence premium last year and during the assessment he paid those two years,
can he claim total premium during the assessment year for chapter VIA

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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23 March 2009 yes, he can claim the deduction this year on the premium paid by him.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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23 March 2009 yes, he can claim the deduction this year on the premium paid by him.

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CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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23 March 2009 yes, he can claim the deduction this year on the premium paid by him.

CA Raghavender

CA Raghavender (Querist)
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23 March 2009 ok my doubt is whther he clim only prvious year premium or on pyment basis i.e how much paid(including last previous year's premium)

SANJAY VERMA

SANJAY VERMA (Expert)
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23 March 2009 you can claim deduction upto 100000 including last year premium.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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23 March 2009 yes, he can claim the deduction this year on the premium paid by him.

K V Subba Rao

K V Subba Rao (Expert)
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23 March 2009 Deduction is allowable on actual payment but not due basis.

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CA Raghavender

CA Raghavender (Querist)
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23 March 2009 i am thnakful to u

Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 March 2009 yes assessee can claim it

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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23 March 2009 YES ON PAYMENT BASIS HE CAN CLAIM IT PROVIDED WITHIN THE LIMIT OF RS.1.00 LAKHS

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section 80C

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