14 November 2007
Whether the deduction under section 80 C for life insurance services availed will be available of the gross premium paid or amount net of service tax if the breakup of the premium charged is mentioned in the Life Insurance receipt.
14 November 2007
whatever is paid to keep in force an insurance is eligible ........in my opinion even the interest on delayed payemtn to keep in force the insurance also
16 November 2007
Interest on delayed payment of LIC will not be allowed in Sec 80C. But service tax can be included. What Kirti S.Ganatra said is correct.