banner_ad

Service tax paid on insurance premium - deduction

213 views 3 replies
User Avatar

ACCOUNTANT
37 Points Posted on 12 January 2021
Dear Sir, Please suggest. When a person purchase a Insurance than he need to pay premium. total premium amount consists of premium and service tax on it ex- rs.1634 for premium and rs.31 for service tax total amount payable rs1665. so what should be the LIC amount for deduction u/s 80C
Reply Share Follow
On 12 January 2021 at 12:39 Report
Replies (3)
User Avatar

Tax consultant
5895 Points Posted on 12 January 2021
Rs 1665 will deducut under 80c gst plus premium
57 Reply
On 12 January 2021 at 14:03
User Avatar

Chartered Accountant
24588 Points Posted on 12 January 2021
Total amount should eligible for deduction
129 Reply
On 12 January 2021 at 14:35
User Avatar

17264 Points Posted on 12 January 2021
Deduction will be full payment to LIC. Including GST if any.
101 Reply
On 12 January 2021 at 17:41


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details