If an assesse has taken a loan on her life insurance policy, whether she can claim the deduction of premium paid on that policy?
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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