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Service tax on Insurance

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(Querist)
18 January 2011 Hi my name is viren gandhi. I have One life Insurance policy with Max newyork life insurance co. My Quaterly premium is Rs. 2525.31 inclusive service tax. I want to know whether i claim service tax amount as deduction under chapter VI-A U/s 80C
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Guest (Expert)
18 January 2011 You can claim the deduction of entire amount including Service tax U/s 80C

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