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Lic premium deduction including gst

SUSHANT BIDAYE (687 Points)

24 September 2021

can lic premium paid including gst be claimed as deduction u/s 80 c

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4 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate) (8621 Points)
Replied 24 September 2021

deductions are allowed subject the limit

SUSHANT BIDAYE (687 Points)
Replied 24 September 2021

Thanks. my query - whether deduction can be claimed including gst amount. ?

Hardik Hindocha (93 Points)
Replied 25 September 2021

Yes Sushant you can claim total premium paid u/s 80c.. You need not bifurcate gst and premium components...

SUSHANT BIDAYE (687 Points)
Replied 25 September 2021

Thanks a lot Hardik.

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