do we consider ST element in LIC premium for claiming deduction under 80c and can we claim Accident policy (general insurance ) in LIC premium under 80C or not
do we consider ST element in LIC premium for claiming deduction under 80c and can we claim Accident policy (general insurance ) in LIC premium under 80C or not
Yes, you have to consider the LIC premium amount including service tax while claiming deduction u/s 80C.
what about accident insurance, can we claim it in lic premium in 80C or other 80c investments
It will not be allowed as deduction.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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