I am married 30 yr old from Hyderabad(india), i have baby boy age 7 months. If i am taking a children policy for my baby and i will be paying the installments for that then will i get tax benefit on those installments under which section?
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Children policy will get tax benifits in which section?
Replies (6)
ru talking about insurance policy?
| Originally posted by : TusharSampatM.Com CA,CS-FINAL | ||
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ru talking about insurance policy? |
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Yes, and Education policy also.
UNDER SEC 80 U WILL GET DEDUCTION .
BEST OF LUCK.
| Originally posted by : TusharSampatM.Com CA,CS-FINAL | ||
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UNDER SEC 80 U WILL GET DEDUCTION . BEST OF LUCK. |
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tushar ji,
whether it is 80C or 80U,
i think 80C, as 80u deals with disability...
Under 80C deduction is allowed.
@ kavitha -i mean under sec80- u will get the deduction...'u' means addressing ementor
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