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TMI Bloginsurance premium service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... insurance premium service tax X X X X Extracts X X X X X X X X Extracts X X X X ..... paid along with annual Life Insurance premium is also considered u/s 80C for exemption. My company is singing a new song I don't understand this. I'm pretty sure that both the premium part and the ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vice tax part are eligible. please reply and clarify. You can mail me @ [email protected] or call me @ 0 93 93 93 4 007 Reply By onkar kumar: The Reply: Yes, you are right premium alongwith S.T. c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omponent will be considered for exemption u/s 80C of IT Act Reply By a j: The Reply: Onkar ji tx for the reply. my point here is can anybody give me a documentary proof for that. our office and off ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icers who are in the position of a Manager doesn't know this and the onus had fallen on me to prove it. kindly help me out. tx Reply By onkar kumar: The Reply: Just show him the wording of section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 80C (2)(i) of the IT ACT,1961 (bare Act). It is like “…..... any sums paid or deposited …..... by the assessee to effect or to keep in force an insurance on the life of persons specified…......”. Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice tax is an integral part of premium amount, It is a statutory payment, without it premium can not be accepted or deemed to be paid. X X X X Extracts X X X X X X X X Extracts X X X X
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