Sec 80c
is service tax paid on life insurance premium admissible as per deduction under 80c?
Replies (2)
Any amount paid to to effect or to keep in force an insurance on the life of persons qualifies for a tax deduction under section 80C. Thus, it can be interpreted that the entire premium, inclusive of service tax and cess (except late fees), qualify for a tax deduction, unless explicitly clarified by the tax authorities.
Hope ur doubt is cleared now..
Thank you very much for clear my doubts
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