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:a) Not be allowed deduction u/s 80Cb) Be allowed Deduction u/s 80C to the extent of 10% of the capital sum assured i.e.Rs.10,000c) Be allowed Deduction for the entire premium as per the provisions of section 80C
This question was answered on: Sep 21, 2023
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