Regarding payment of lic premium

S. Karthik (Senior Manager - Finance & Accounts)   (42 Points)

15 January 2018  

Sir,

 

I have paid the LIC premium on 01-04-2017 which the premium is due in the month of Jan.'2017.  Can I take it in 80C deduction for the FY 2017-18 (AY 2018-19). I have alo paid the current year premium of the same Policy in Jan.'18. Can I claim both in the present FY 2017-18 under 80 C Deductions.  Please guide me.

 

Thanks

S Karthik