Deduction for Life Insurance Premium incl. Service Tax?

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  1. shah jigar

    shah jigar New Member

    I have Postal Life Insurance Policy. Now Sevice tax on premium amt.from 1.4 as per rules. so, total premium amt.(Premium + S.Tax) is disclose in I.tax return or only premium amt.without S.tax
     
  2. Sahil Oberoi

    Sahil Oberoi Member

    The deduction allowed in the income tax return would be inclusive of the Service Tax Amount

    Deduction allowed would be Premium + S. Tax
     
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