Deduction under 80C

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  1. bhupsingh

    bhupsingh New Member

    What is the meaning of " Tax deduction under 80C is on payment basis?"
    Can I claim for deduction in current financial year, if I have invested some amount (which comes under 80C deduction list) in last financial year or two years back?
     
    Last edited: Mar 1, 2016
  2. Payment basis means payment made in current financial year only.
     
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