MY CLIENT JUST PURCHASED 2 LIC CAPITAL STRUCTURE FUND-I OF FIFTY THUSAND EACH(RS 50000/-). I WANTED TO KNOW WILL WHAT TAX BENIFIT WILL HE RECEIVE AND UNDER WHAT SECTION?
2 Replies
CA Mohit Agarwal
(Chartered Accountant)
(1025 Points)
Replied 30 June 2009
hi buddy
He can claim LIC Premium amount when he filled IT Return. The deduction can be claimed under u/s 80 C
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