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Service tax paid on insurance premium - deduction
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
Replies (3)
Rs 1665 will deducut under 80c gst plus premium
Total amount should eligible for deduction
Deduction will be full payment to LIC. Including GST if any.
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