Deduction under sec 80c,
This query is : Resolved
Querist : Anonymous
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.
Can we get the deduction under section 80C if I have taken loan against the LIC premium paid by me.
20 May 2014
Yes even after taking loan you can claim the deduction u/s 80C for the insurance premium paid by you.
Querist : Anonymous
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.
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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