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80c on lic payments

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2012 Sir,

Uncle can claim LIC Premiums OR NOT, Policy in the name of
Daughter-in-law, LIC PREMIUM HAS PAID BY UNCLE'S BANK A/C.

AND

FATHER CAN CLAIM OR NOT SON'S LIC PREMIUMS PAID BY FATHER'S BANK A/C
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CA Navin Jain

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CA Navin Jain (Expert)
02 May 2012 Father can claim the deduction.
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Mihir Doshi

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Mihir Doshi (Expert)
03 May 2012 Father can claim the LIC premium paid for his Son but in other case Uncle can not claim the deduction.

Thanks
Mihir Doshi
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