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Bhavin Kanabar (Querist)
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31 January 2009
I have a quastion.
My father is retired person as is age of jast 55 now no one income from him.my question is now my parents life insurance can claim in my annual ITR.

CA Rohin Arora

CA Rohin Arora (Expert)
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31 January 2009 no you cant.....lic can be taken only for the spouse and ur childrens if you have....you cant take parents insurance in youur IT.R.it will be better if you invest the same in your name.....

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 January 2009 The answer is no, by virtue of CBDT circular no 574 dt 22/8/1990 reported in 185ITR(St)31.

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