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Service tax paid on insurance premium - deduction
Dear Sir, Please suggest. When a person purchase a Insurance than he need to pay premium. total premium amount consists of premium and service tax on it ex- rs.1634 for premium and rs.31 for service tax total amount payable rs1665. so what should be the LIC amount for deduction u/s 80C
Replies (3)
Quick Summary
Rs 1665 will deducut under 80c gst plus premium
Total amount should eligible for deduction
Deduction will be full payment to LIC. Including GST if any.
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