Meaning and introduction to insurance - class-XI

Time: 00:00:00

Attempted

Not Attempted

Marked For Review

Attempted & Reviewed

Question 1 of 23

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 __________________________.

Select Your Answer:

Not be allowed deduction u/s 80C

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

Be allowed Deduction for the entire premium as per the provisions of section 80C

None of the above

Mark for Review

All Questions

Attempted

Not Attempted

Marked for Review

Attempted & Reviewed

Current