80c deduction- single premium policy
This query is : Resolved
01 August 2013
Please give details about eligibility of premium paid under SINGLE PREMIUM POLICY UNDER SEC 80C.
Taxability of maturity proceeds.
Thank You.
Taxability of maturity proceeds.
Thank You.
01 August 2013
Actual Premium Paid or 20% of Sum Assured Vale whichever is less can be claimed as deduction u/s 80C.
01 August 2013
Limit of 20% of sum assured is for policies issued on or before 31st March 2012.
From 1st April 2013 limit of 20% is revised to 10% of sum assured.
From 1st April 2013 limit of 20% is revised to 10% of sum assured.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
