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Investment to save tax

(Guest)

Is there any investment under any IT Section (like 80C etc) which I can make to reduce my tax liability for AY 2011-12 considering that we are now in the next AY.

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7 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 01 April 2011

get in touch with LIC, they are still open for couple of days for backdating.

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Arniv Sharda (CA Final) (3006 Points)
Replied 01 April 2011

thank u sir for the information

cheeers

Ramkumar H. Barchha (CEO) (64 Points)
Replied 01 April 2011

Even other private life insurers would be able to help you in this regard. Please ensure that you purchase single premium product with 5 times coverage so that it is tax effective and also you are not commiting yourself for the next year.

Ramandeep singh (CA-final,M.com (Final)) (59 Points)
Replied 01 April 2011

Dear, from the A.y 2011-12 the govt has announced a new deduction as a 80CCf of infrastructure bond of 20000 Rs. now you can invest the money in infractructure bond and can save the tax

(Guest)

Originally posted by : Ramandeep singh
	Dear, from the A.y 2011-12 the govt has announced a new deduction as a 80CCf of infrastructure bond of 20000 Rs. now you can invest the money in infractructure bond and can save the tax

Is this a solution? Did u get the question rite?

If I wud have invested in 80CCF today then it wud be counted for AY 2012-13.

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(Guest)

thank you for your replies. I liked the single premium idea.

Ramkumar H. Barchha (CEO) (64 Points)
Replied 02 April 2011

80 CCF investment option was open till 31-03-2011 with REC bonds but this investment cannot be back dated and from 01-04-2011 you will have to wait as new series of infra bonds which may be announced shortly.