Investment in Jeevan Aastha eligible for IT Deduction?
This query is : Resolved
12 August 2010
Dear all,
I want to confirm, whether t Single premium pymt of rs.15,00,000/- towards JEEVAN AASTHA Premium is eligible for Deduction U/c VI?
Premium amt paid on 20.1.2009
Date of maturity 20.1.2014.
Thanks in advance.
Regards,
Sushil.
I want to confirm, whether t Single premium pymt of rs.15,00,000/- towards JEEVAN AASTHA Premium is eligible for Deduction U/c VI?
Premium amt paid on 20.1.2009
Date of maturity 20.1.2014.
Thanks in advance.
Regards,
Sushil.
12 August 2010
yes . 80 C upto Rs. 100000/-
12 August 2010
Single payment premium is eligible for deduction u/s 80C upto a maximum of rs. 1 lakh.
Also in case of single premium, deduction shall claimed during the year shall exceed 20% of the sum assured.
Also in case of single premium, deduction shall claimed during the year shall exceed 20% of the sum assured.
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