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80c deduction

This query is : Resolved 

06 September 2013 If Mother Pay for Children Rs.1,00,000.00 in L.I.C and Children Self Pay for himself in L.I.C Rs.1,00,000.00.Children are not dependent upon Mother.Whats the 80C deduction Implication in Mother and Children ?

06 September 2013 Rs 1 lac to mother and Rs 1 lac to the son.

06 September 2013 If Loan taken against Life Insurance Policy of Assessee,Spouse,Children .Utilisation of Loan is on Purchase of Flat and Interest is paid by Assessee but Premium is Paid by Assessee,Spouse or GrandMother whats tax implication in Assessee File?


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