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80C

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Querist : Anonymous

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Querist : Anonymous (Querist)
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?
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CMA Ramesh Krishnan

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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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