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?
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 30 March 2009
Yes, Any sum payable to keep in effect the Life Insurance scheme/medical Insurance scheme shall be allwed as deduction under section 80C & 80D.
CAclubindia
