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What is a contract of deffered annuity?
can we claim ded us 80C for premium paid on such annuity?
Replies (3)
Quick Summary
Yes, we can claim deduction u/s 80C for premium paid for deffered annuity, Provided that such contract does not contain a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity.
Yes, you can claim deduction u/s 80C
Section 80C : Deduction in respect of
Life Insurance Premium,
Deferred Annuity,
Contribution to PF,
Subscripttion fo certain Equity Shares or Debentures etc.
Yes, you are eligible for claiming deduction under section 80C.
Life Insurance Premium,
Deferred Annuity,
Contribution to PF,
Subscripttion fo certain Equity Shares or Debentures etc.
Yes, you are eligible for claiming deduction under section 80C.
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