Adjustment of lic payment.
This query is : Resolved
19 July 2013
Sir,
An HUF can get deduction in respect of LIC premium paid by it on behalf of its members, but can an HUF get a deduction for LIC premium in a case where actual payment was made by the member through his/her bank account and he/she was reimbursed by the HUF later on for the same?
An HUF can get deduction in respect of LIC premium paid by it on behalf of its members, but can an HUF get a deduction for LIC premium in a case where actual payment was made by the member through his/her bank account and he/she was reimbursed by the HUF later on for the same?
Anil Sankar V
(Expert)
19 July 2013
Ya , eligible.
Anil Sankar V
(Expert)
19 July 2013
by means of directly and indirectly paid by HUF. so eligible. do u want additional evidences?
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