Decuction under 80C & 80 D

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Saurav (Querist)
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27 April 2009 Dear Experts ,

Kindly let me know that weather payment of insurance primum against house loan taken to the bank is covered under any section.

Interest paid for home loan is exempted upto Rs. 150000, but weather insurance premium gainst that loan falls under any section

Please advice

Vipul J. Bhavsar

Vipul J. Bhavsar (Expert)
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27 April 2009 I assume you are asking this question from the point of view of an Salaried Individual.
There is no provision in the Income Tax Act which allows you deduction or Exemption with respect to payment made for insurance premium against a House Property.