Gst on premium paid can be available as a deduction or only premium portion will be available as a deduction ?
Ex. Premium paid =120000
GST paid = 1200
Total 121200 can be availed as a deduction or only 120000 can be available as a deduction
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Tax on premium
Replies (1)
Only premium paid will be available as deduction under section 80C. ie 1,20,000 /-
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