Lic premium
Intermediate Student (-) (644 Points)
27 July 2014
Lic premium paid on 30.3.14 by chq. Chq. Cleared on 4.4.14
in which year we can take deduction ?
2 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 28 July 2014
deduction to be taken in the year in which receipt of lic prem. was generated, which in your case will be 30.03.14 and hence deduction to be taken in FY 13-14.
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