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Taxability on insurance single premium paid for 20 years, Income Tax |
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Taxability on insurance single premium paid for 20 years |
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Dear 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. Our employee paid about ₹ 45,000/- as single premium for the tenure from 2017 to 2037 and asking claim under 80-C for the total premium of ₹ 45,000/-. Whether I can allow ?? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my view it can be allowed. Page: 1 Old Query - New Comments are closed. |
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