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Dedduction under sec.80c

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(Querist)
26 February 2013 Whether Premium paid on Insurance Policy taken for Home Assured is allowed as deduction under sec.80C of IT Act?
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@VaibhavJ

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@VaibhavJ (Expert)
26 February 2013 Hi Dhiraj,

Only insurance taken on life of Individual is allowed.

Thanks!!
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
26 February 2013 no, insurance on home is not allowed in 80C
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