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Deduction under section 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2012 One time premium is paid under Reliance Life Insurance Classic Plan and premium amount does not exceed 20% of Sum assured. Is it eligible for Deduction under Section 80C?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 March 2012 Yes the amount is eligible for deduction.
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