In respect of the some investments/deposits eligible for deduction under section 80C, in some cases , the law provides a minimum period of holding for claiming deduction u/s 80C otherwise it will be taxable. Such cases are given below- Time Limit for qualifying deduction u/s 80C Unit- Linked insurance plan (ULIP) – 5 years Life Insurance Premium – 2 years Cost of Purchase/ Construction of a residential House property including repayment of Loan – 5 .....
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