Can anyone please tell me whether tax (GST) paid on term insurance premium is eligible for tax benefit apart from net premium amount whether it's monthly, quarterly, half yearly or yearly ?
Menu
Gst paid on term insurance can be claimed for tax benefit ?
Replies (2)
ITC is not available for for Life and Health Insurances. hence not available for term insurances
On personal life insurance ITC cannot be claimed.
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
