close Change the way you learn with CCI Online Coaching   view more
Home > Experts > Income Tax > Lic premium


Please Wait ..

Sign-in to your account

Username:
Password:

Remember Me

Forgot your password?

Sign-up now


Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Lic premium (Income Tax)

Report Abuse
This query is : Resolved


( Author )
01 February 2013

 Dear Expert,
kya koi person apne 18 saal se upar ke child ka LIC premium payment karke apna Income Tax Exemption le sakta hai?


CA PARAS BAFNA

( Expert )
01 February 2013

 U/s 80C -"Children" of the assessee word has been used. "Bachhe" to "Bachhe" hi rahange...kitne hi Bade kyon na ho jaye.
.
Yes he can get Deduction U/s 80C.


C.A. C.S. Meera Doshi

( Expert )
01 February 2013

 Yes, I totally agree with Mr.Paras!


Deepak Kumar Jha

( Author )
01 February 2013

 Thanks Sir


Deepak Kumar Jha

( Author )
01 February 2013

 Sir,
Agar child ki apni income hai tab bhi benifit uske father ya mother ko mil sakta hai?


CA Prashant Gupta

( Expert )
01 February 2013

 yes, child can be dependent/independant, major/minor, there is no issue.
So if child has his own income than also father can get 80C benefit



Previous
Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :







submit

Quick Links