Taxability on insurance single premium paid for 20 years

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Experts, For availing a Home Loan by our employee, Axis Bank insisted to take a Key Man Life Insurance Policy for the Loan amount as sum insured and the period for the total loan term of 20 yea .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rs. Our employee paid about ₹ 45,000/- as single premium for the tenure from 2017 to 2037 and asking claim under 80-C for the total premium of ₹ 45,000/-. Whether I can allow ?? - Rep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ly By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view it can be allowed. - Taxability on insurance single premium paid for 20 years - Query Started By: - SAFETAB LIFESCIENCE Dated:- 28-3-2018 In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... come Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... om - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X