Tax Deduction for Service Tax on Life Insurance?

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  1. venkatcsk

    venkatcsk New Member

    Dear Sir/ Madam

    My query is we pay an installment for Postal life insurance monthly and when asked for annual statement they just give a statement for only the premium paid and when asked about the service tax which is also paid will that not get included they say its not for us whom u pay, its for the govt. and so we cannot give a statement for that and that should be excluded for premium.

    we are paying and its being credited to the govt itself then it also should be considered as payment then why this problem.

    Please let us know if this a right practice.
     
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