any body please give me a documentary proof which says that the Service tax component should also be considered when Life insurance premium receipt is shown to my payrolls section.
they are arguing with me that the service tax part is not considered in any of the tax saving instrument.u/s 80C.
I'm pretty sure that it must be considered but I need some proof.
Plz help
Arun
arundjones
9393934007
I think the life insurance premium deduction u/s 80C will be excluding service tax component, because the service tax collected from the premium does not form part of the corpus; it goes to the government.
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