80c deduction
This query is : Resolved
NIKHIL GIRISH SHETH
(Querist)
25 December 2018
If Son's LIC premium paid by Mother & in this case Son is not dependent , mother will be eligible for 80C deduction ??
CA R SEETHARAMAN
(Expert)
25 December 2018
Yes mother is eligible for 80c deduction.
NIKHIL GIRISH SHETH
(Querist)
25 December 2018
Hello sir ,
one of my CA Friend is of opinion that if son is Dependent on mother than n than only mother can claim
one of my CA Friend is of opinion that if son is Dependent on mother than n than only mother can claim
CA Mohit Bansal
(Expert)
25 December 2018
The only condition specified for the deduction of LIC premium under section 80C is it is available for individuals their spouse and children. The section is silent about the dependency hence in the instant case mother is eligible for the deduction
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