Raja
asked
Dear Frnds, Service tax on LIC Premium & Medical premium is allowed as deduction u/s.80C & u/s.80D? Regards, Raja
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Manoj
answered
Hello,
It is deductible expense under the Income Tax. Section 80C & Section 80D says that any sum paid, so it become deductible
Renuka Rathod
answered
Yes it is permissable because in 80c & 80d mentioned "Any sum paid" so it is deductiable
