is assessee eligible for deduction on premium paid including gst.
is gst also form part of premium payment and claim as deduction?
pls help with case law or referring sec or rules. thank you.
Menu
80C and 80D
Replies (3)
Total premium amount paid, including any taxes liable, is deductible under sec. 80C/ 80D, subject to limits specified in the section.
"As per Section 80C(2) of the Income Tax Act, 1961 any amount paid to an insurer to buy or to keep a life insurance policy in force can be claimed as a deduction from gross total income by the policy holder."
thank you sir.
Most Welcome, Dear .....
Recent Topics :
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
Related Topics :
CAclubindia
