80 C Deduction
This query is : Resolved
24 March 2011
LIC premium FOR PARENTS ARE NOT CONSIDERED IN SEC 80C
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24 March 2011
Contribution in the case of an individual, for himself, spouse or any child is eligible in 80C. LIC Premium of Mother is not considered in 80C.
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24 March 2011
LIC premium paid for mother will not be eligible for exemption since LIC prepremium paid either for himself or spouse and children of family will be eligible for deduction.
Nothing can be claimed u/s 80 C
Nothing can be claimed u/s 80 C
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24 March 2011
yes, agreed to all experts
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