Service Tax on Insurance Premium

Tax queries 990 views 1 replies

Hi,

Can we take the benefit (deduction in income) of service tax paid which is included in insurance premium u/s 80C & 80D of income tax act?

Replies (1)

Yes, Any sum payable to keep in effect the Life Insurance scheme/medical Insurance scheme shall be allwed as deduction under section 80C & 80D.


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