While taking an housing loan most banks require to get an life insurance,can payment towards such insurance be claimed as a deduction u/s 80C
Thanks in advance.
While taking an housing loan most banks require to get an life insurance,can payment towards such insurance be claimed as a deduction u/s 80C
Thanks in advance.
i guess....yes
Hi
If its Insuarance on your life thenn yes, if its insurance of property then no.
Thanks
Yes, insurance taken on the life of the borrower is allowed u/s 80C.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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