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Property premium Insurance
Is Insurance premium can be utilised under Sec 80C or not? If not under what sec...Is it mandatory to do it ?
Replies (5)
Only life insurance are covered u/s. 80C... not property insurance
No deduction u/s 80C ....
HOWEVER you can claim alowance of premium on building as an expense for computation of business profit u/s 30 in PGBP
HOWEVER you can claim alowance of premium on building as an expense for computation of business profit u/s 30 in PGBP
Thanks for guidance Mr Kochhar....what is PGBP
Can I claim if I am salaried ?
profits and gains of business and profession..
salaried employee will not not be entitled for allowance
salaried employee will not not be entitled for allowance
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