Sec 80c
This query is : Resolved
15 August 2015
Can anybody clarify whether service tax paid for life insurance policy is eligible for IT exemption under 80C?
16 August 2015
Yes it is part of premium paid eligible for IT exemption u/s 80C.
16 August 2015
Insurance premium paid by an Individual shall be eligible for deduction under section 80C. So service tax is part of insurance premium. I
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