1) Is all life inusrance payment eligible for 80C deduction,when should such payments be made.
Say for claiming deduction under 80C for FY 15-16,is it necessary to pay life insurance premium before March,31,2016.
2) Is there any specific requirement of Service provider,can we claim deduction on life insurance service provided by pvt party.
3)Can we claim entire inusrance premium as deduction say -Rs.57,250 in which Rs.7250/- being service tax portion.
4) Is it mandatory claim deduction only on life insurance invoice/recepit where it is specifically stated as eligible for 80C deduction.
5)How can we check 10% condition of sum assured where there is "Sum assured","Min death benefit"
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