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Term Insurance Premium Tax Deduction Under Section 123 of Income Tax Act 2025: Complete Guide
13+ hour, 47+ min ago (243+ words) Under Section 123 of the Income Tax Act, 2025, read with Schedule XV, an individual or a Hindu Undivided Family (HUF) is entitled to claim a deduction in respect of premiums paid toward a life insurance policy. The policy must be taken…...