In case premium on life insurance policy (both, regular as well as unit linked) is more than 10% of sum assured, whether the entire premium is disallowed under Section 80C or is it allowed only to the extent of 10% of sum assured on insurance policy?
Thanks in advance for clarification.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
