05 January 2017
Dear Sir. I have RPLI policy, premium amount is INR.28200/yearly. RPLI policy taken in my home town address (Tamilnadu, Kattumannarkoil). But I am living in Bangalore and want to shown tax exemption in 80C , but our company people is not accepting. They told that RPLI is vaild in Rural resident only, not urban area. Please help me that RPLI under 80C section ot not.
05 January 2017
The premium paid is allowable u/s 80C. Ask the company official take advice from their tax consultant. Still they are not allowing file return and claim refund.