Business Studies

An assessee has paid life insurance premium of Rs. 25, 000 during the previous year for a policy of Rs. 1, 00, 000. He shall __________________________.


ANSWER

Be allowed Deduction u/s 80C to the extent of 20% of the capital sum assured i.e.Rs. 20, 000


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Single Correct Medium Published on 18th 08, 2020
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