banner_ad

80c investments

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 July 2013 HELLO FRNDS...

NSC,PPF,5 YEAR TERM DEPOSITES ALL THESE ARE ELIGIBLE FOR DEDUCTION FROM G.T.I. AND ARE SHOWN AS INVESTMENT IN BAL.SHEET,SIMILARLY INSURANCE PREMIUMS ARE ALSO DEDUCTIBLE.THEN WHY CANT WE SHOW INSURANCE PREMIUM PAID IN ASSET SIDE? IT SHOULD ALSO BE SHOWN UNDER INVESTMENT HEAD IN B/S.

KINDLY RPLY SOON FRNDS
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
25 July 2013 No body will stop you if it is desired to do so.
.
For "Why" - take into consideration my "Reply"
-
Insurance premium is not an investment. It is a cost for purchasing an insurance policy, and the premium paid is just like "rental charges" of "insurance cover". When you pay Rental Charges for a "Shade or House " it is expensed out. Likewise insurance premium is treated in such a manner.
.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 July 2013 thanx a lot sir...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details