This discussion clarifies whether the Goods and Services Tax (GST) on insurance premiums can be included when claiming deductions under Section 80C and 80D of the Income Tax Act. The consensus is that the entire premium amount, including GST, is considered for deduction, provided you are not claiming GST input tax credit.
28 August 2020
Dear sir, i have one doubt, while claiming 80D deduction or 80C deduction only premiums considered or premium+GST considered. Please tell me the Relevant Provision or Notification.