Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>CBDT Directs Income Tax Commissioners on Handling Section 80C Life Insurance Premium Receipts; Original Proof Required from Policyholders.</h1> The circular issued by the Central Board of Direct Taxes instructs all Commissioners of Income-tax regarding the handling of Life Insurance Premium (LIP) receipts submitted by assessees under section 80C. It addresses the need for policyholders to provide original receipts to the Life Insurance Corporation (LIC) as proof of premium payment. The Board has decided that when assessees request the return of their LIP receipts, these can be returned after the Income Tax Officer records a note verifying the claim against the original receipts. All officers are directed to implement these instructions.