Backdating comes very useful if you are one of those taxpayers who are looking to buy a life insurance policy to exhaust the section 80C limit on this year and start paying the premium on a monthly / quarterly basis from the next year.
Not exact matches
If a nine - yearold girl asks for the facts of life, the response from teacher should not be: «
Come back with the baby when you're 13, and we'll
backdate the information.»
However some of these claimants will have received
backdated tax credits, either because they
came off certain benefits at the same time and therefore got automatic
backdating, or because they successfully claimed
backdated tax credits, despite the obstacles in their way.
The
backdated letter
came after the attorney general's office had filed a subpoena investigating the organization.
If your birthday is
coming up, it's better to buy before that date or else
backdate the policy.