Just a moment...

⚠✕
❮ Top
☎ Help
🚀 New: Section-Wise Filter ✕

1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available

2. New: “In Favour Of” filter added in Case Laws.

Try both these filters in Case Laws →

☰
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID :
PrevPreviousNextNext

Deduction u/s 80C - Basic premium or total premium

Rahul Bagaria

Whether deduction u/s 80C will be allowed on Basic premium or on total premium (including service tax)

Section 80C Deduction Should Apply to Total Premium Including Service Tax, Say Forum Participants A discussion on a forum inquired whether the deduction under Section 80C of the Income Tax Act should be applied to the basic premium or the total premium, including service tax. Two participants responded, both agreeing that the deduction should be on the total premium amount, including service tax, as Section 80C does not require separating the basic amount from applicable taxes. (AI Summary)
Income Tax
answers
Sort by
+ Add A New Reply
Hide
Mukesh Kumar on May 27, 2009
It should be allowed on total premium. Section 80C does not require to bifurcate the amount into basic amount and taxes applicable thereupon.
BARUN BASU on May 29, 2009

Q :Whether deduction u/s 80C will be allowed on Basic premium or on total premium (including service tax) Ans: Certainly it is on the total amt. includint service tax

+ Add A New Reply
Hide
Recent Issues