If an assesse has taken a loan on her life insurance policy, whether she can claim the deduction of premium paid on that policy?
Menu
Loan on LIP
Replies (2)
yes she can claim deduction of insurance premium paid u/s 80C
Yes ofcourse she can claim... LIP policy is like an asset on which you are taking a loan.
Recent Threads
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
Related Threads
CAclubindia
