SEC 80C AND 80D


This query is : Open 

Quick Summary
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.

Thanks in advance,
Regards,
Bheema Reddy.

c.bakshi (Expert)
29 August 2020 PREMIUM IS ALSO CONSIDERED.

31 August 2020 Entire amount including GST is considered as you are not claiming GST Input Tax Credit


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