Multiple choice

LIC Policy holders do not get any Income Tax benefit under which of the following Sections of the Income Tax Act ?

  1. Section 80 C

  2. Section 68 A, B and C

  3. Section 80 CCC

  4. Section 80 CD

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Section 80C and 80CCC are standard sections for tax deductions on life insurance premiums. Section 68A, B, and C are related to unexplained cash credits under the Income Tax Act and do not pertain to insurance benefits.

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