Lic premium deduction including gst

24 September 2021

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

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3303 Points)
Replied 24 September 2021

deductions are allowed subject the limit

SUSHANT BIDAYE (578 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 (578 Points)
Replied 25 September 2021

Thanks a lot Hardik.

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