if insurance premium is due as on 11/04/2013 and premium is paid in advance as on 26/12/2012, is it applicable for claim u/s 80c for FY 2012-13
and if yes policy premium is paid on half yearly basis, it means 3 times premium should be claimed?
dhanashri (Accountant) (156 Points)
22 May 2014if insurance premium is due as on 11/04/2013 and premium is paid in advance as on 26/12/2012, is it applicable for claim u/s 80c for FY 2012-13
and if yes policy premium is paid on half yearly basis, it means 3 times premium should be claimed?
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 23 May 2014
You can claim the premium amt. upto 31.03.2013 and rest amt. to be climed futher a.y. or f.y.
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