If an assesse has taken a loan on her life insurance policy, whether she can claim the deduction of premium paid on that policy?
2 Replies
PIYUSH JINDAL
(study)
(84 Points)
Replied 03 August 2009
yes she can claim deduction of insurance premium paid u/s 80C
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 03 August 2009
Yes ofcourse she can claim... LIP policy is like an asset on which you are taking a loan.
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