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Deduction u/s 80C - Basic premium or total premium, Income Tax |
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Deduction u/s 80C - Basic premium or total premium |
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Whether deduction u/s 80C will be allowed on Basic premium or on total premium (including service tax) Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
It should be allowed on total premium. Section 80C does not require to bifurcate the amount into basic amount and taxes applicable thereupon.
Q :Whether deduction u/s 80C will be allowed on Basic premium or on total premium (including service tax) Ans: Certainly it is on the total amt. includint service tax Page: 1 Old Query - New Comments are closed. |
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