Quote Originally Posted by Harish Rawat View Post
If I make payment of Life Insurance Premium in advance, which is due in next financial year i.e. after 31st March'2010. Can I claim that in 80 C deduction in the Income Tax deduction for the current Financial Year?
You can claim all the Life Insurance Premium amount.
As per section 80C -
"Deduction is available on the basis of specified qualifying Investments/Contributions/Deposits/Payments made by the taxpayer during the previous year".