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Sec 80c

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(Querist)
15 August 2015 Can anybody clarify whether service tax paid for life insurance policy is eligible for IT exemption under 80C?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 August 2015 Yes it is part of premium paid eligible for IT exemption u/s 80C.
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CA ALOK KUMAR

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CA ALOK KUMAR (Expert)
16 August 2015 Insurance premium paid by an Individual shall be eligible for deduction under section 80C. So service tax is part of insurance premium. I
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