Easy Office

Eligibility under 80c

This query is : Resolved 

29 August 2016 Whether service tax on insurance premium is eligible under 80C or not?

29 August 2016 No,
As reading section 80C of Income tax Act,1961 it provide the deduction of Life Insurance Premium amount, any other taxes or charges on such premium can not be treated as life insurance premium so it is not eligible for deduction under section 80C.
Thanks.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries