Deduction u/s 80C
This query is : Resolved
vignesh srinivasan
(Querist)
11 June 2011
does single insurance of Rs.100,000 paid qualifies 100% for Deduction u/s 80C for an individual
CA MANOJ GUPTA
(Expert)
11 June 2011
actually the premium shall be 20 per cent or less of the sum assured
in this case if sum assured is 5lakh or more then no problem
in any other case 20 percent of sum assured will only be allowed to be deducted
CA MANOJ GUPTA
JODHPUR
09828510543
in this case if sum assured is 5lakh or more then no problem
in any other case 20 percent of sum assured will only be allowed to be deducted
CA MANOJ GUPTA
JODHPUR
09828510543
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