Mintu (Software Engineer) (2 Points)
16 August 20171.Can I claim tax benefits for money I pay towards insurance which my father took for my mother..??
2. Can i claim tax benefits under 80C for which my mother takes an insurance policy for 50k Rs annually (for which I pay)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 16 August 2017
1. No, deduction can be claimed by the policy holder.
2. Who is policy holder? A policy taken in the name of any other person won't be eligible for any tax benefits.
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