no way
its not allowed
Deduction U/s 80C against LIC premium
Page no : 2
triumph-CMA
(Chartered Accountant)
(508 Points)
Replied 17 December 2009
Deduction under Sec. 80 C is available on paymnet basis.
Deduction for LIC premium
(i). Premium Paid
(ii). 20% of sum assured.
Whichever is lower.
Bharat Khurana
(Student)
(153 Points)
Replied 19 December 2009
No. deduction on account of lic premium is available in the year in which premium is paid and it is subject to 20% of capital sum assured.
kabita periwal
(audit assistant B.Com NCFM(Capital Market Module))
(41 Points)
Replied 19 December 2009
| Originally posted by : CA Dhirendra Singh | ||
 |
Deduction under Sec. 80 C is available on paymnet basis. Deduction for LIC premium (i). Premium Paid (ii). 20% of sum assured. Whichever is lower. |
 |
Ansari
(ca final)
(444 Points)
Replied 19 December 2009
| Originally posted by : kabita periwal | ||
|
Originally posted by : CA Dhirendra Singh Deduction under Sec. 80 CÂ is available on paymnet basis. Deduction for LIC premium (i). Premium Paid (ii). 20% of sum assured. Whichever is lower. Â |
|
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