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80C (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
18 July 2011

 IF PREMIUM OF LIC PAID BY HUF FOR THE MEMBERS OF HUF OR KARTA HIMSELF,THEN WILL THIS PAYMENT IS ALLOWED FOR DEDUCTION U/S 80 C TO HUF?


CMA Ramesh Krishnan

( Expert )
18 July 2011

 LIC premium paid by the taxpayer for insurance policy on own life, spouse life and life of any children (Child may dependent, independent, married or un married) & incase of HUF the policy can be any member of the family.



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