Tag Archives: Life insurance Premium

Insurance premium paid from loan funds is allowed as deduction

By | August 10, 2015

Question : Whether the Insurance premium paid from loan funds is allowed as deduction u/s 80 C / Life insurance premiums, even if paid out of loan funds and not out of income chargeable to tax, are eligible for deduction under section 80C IN THE ITAT COCHIN BENCH Goutham Reddy v. Income-tax Officer, Ward -2, Kottayam… Read More »