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Service Tax on LIc Premium u/s 80 C or 80D

This query is : Resolved 

10 January 2011

1) whether Service Tax Paid on LIC Premium & Medclaim Premium applicable for deduction u/s 80C & 80D or not pls explain
2) Medical Bills amounting to Rs.15000/- pertaining to last F.Y 2009-10 whether claimed deduction for current F.Y i.e 2010-11 for Income Tax purpose.pls explain

Vivek Raju P (Expert)
11 January 2011

1.Yes service tax portion will also be allowed as 80C uses the words "Any sum paid..." and the wording is not any premium paid.

2. No bills should be for the current FY.

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