Deduction under sec 80c
This query is : Resolved
kamal nath
(Querist)
30 March 2013
Respected Expert,
Whether same limit applicable i.e. not more than 20% of sum assured of LIP premium allowes for claiming deduction under section 80C also applicable in case of ULIP. ( premium paid 20,000/- sum assured 60,000/- of a ULIP)
Whether same limit applicable i.e. not more than 20% of sum assured of LIP premium allowes for claiming deduction under section 80C also applicable in case of ULIP. ( premium paid 20,000/- sum assured 60,000/- of a ULIP)
CMA Ramesh Krishnan
(Expert)
04 August 2013
Yes.same limit is applicable
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