About 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
let me know ,I paid insurance premium of my father and mother can i avail deduction under 80C.
CA Parul Saxena
(Expert)
02 September 2013
Yes you can avail deduction.
02 September 2013
Hi,
Correction:
ife insurance premium paid for the life insurance policy of parents or siblings is not allowed as deduction under section 80c. Even if the parents are dependent on the individual the premium paid does not qualify for deduction under section 80c.
https://section80c.in/life-insurance-premium/
Thanks
Correction:
ife insurance premium paid for the life insurance policy of parents or siblings is not allowed as deduction under section 80c. Even if the parents are dependent on the individual the premium paid does not qualify for deduction under section 80c.
https://section80c.in/life-insurance-premium/
Thanks
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