Taxability on insurance single premium paid for 20 years

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....axability on insurance single premium paid for 20 years<br> Query (Issue) Started By: - SAFETAB LIFESCIENCE Dated:- 28-3-2018 Last Reply Date:- 7-8-2018 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear....

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.... Experts, For availing a Home Loan by our employee, Axis Bank insisted to take a Key Man Life Insurance Policy for the Loan amount as sum insured and the period for the total loan term of 20 years. ....

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.... Our employee paid about &#8377; 45,000/- as single premium for the tenure from 2017 to 2037 and asking claim under 80-C for the total premium of &#8377; 45,000/-. Whether I can allow ?? Reply By DR....

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.....MARIAPPAN GOVINDARAJAN: The Reply: In my view it can be allowed.<br> Discussion Forum - Knowledge Sharing ....