rajesh
(SERVICE)
(35 Points)
Replied 23 August 2010
IF MY GROSS INCOME 5 LACS & I HV INVESTED RS 1 .02 LACS IN LIC, WHERE I CAN TAKE BENEFIT UPTO 1 LAC
BUT IF SUPPOSE I ADDITIONALLY INVEST RS 1.20 LACS IN PERSONAL PENTION PLAN U/S 80CCC WILL I GET THE BENEFIT OF THIS ALSO
THAT MEANS I GET BENEFIT OF RS 1 LAC + 1.20 LACS IS THAT OK
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 23 August 2010
You Canot Claim Sir...
Life Isurance Premium Paid--Deduction Eligible under Section 80C
This Section is Allowed Followa...>>>
IF INDIVIDUAL CASE: Only Payment Made by Self, Spouse, Child
IF HUF: Payment Made by Any Member of HUF
So U Have HUF Status Then Allowed LIC Premium u/s 80C
Subhash
(Data analysist)
(24 Points)
Replied 26 April 2011
LIC Premium deduction up to 100000.00 US 80CCC
CAclubindia
