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Deduction under sec 80c,

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2014 Hi everyone,

Can we get the deduction under section 80C if I have taken loan against the LIC premium paid by me.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 May 2014 Yes even after taking loan you can claim the deduction u/s 80C for the insurance premium paid by you.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2014 Thank you sir. Can you suggest me the section where i can find that. I went through sec 80c. but it talks nothing about the such cases.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 May 2014 Since it does not talk about such cases and disallow deduction you have to take that deduction can be claimed.
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