Dedduction under sec.80c
This query is : Resolved
Dhiraj H Mehta
(Querist)
26 February 2013
Whether Premium paid on Insurance Policy taken for Home Assured is allowed as deduction under sec.80C of IT Act?
26 February 2013
Hi Dhiraj,
Only insurance taken on life of Individual is allowed.
Thanks!!
Only insurance taken on life of Individual is allowed.
Thanks!!
Message likes :
2 times
CA Prashant Gupta
(Expert)
26 February 2013
no, insurance on home is not allowed in 80C
Message likes :
1 times
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