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Deduction 80C benefits

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(Querist)
13 January 2010 Who all are eligible to take benefits of Section 80C for Life premia paid from personal a/c??
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Sohil Ganeriwala

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Sohil Ganeriwala (Expert)
13 January 2010 The benefit can be availed by the person who is paying the insurance premium.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 January 2010 If the Assessee is Indiviual- Own,Spouse, Son and daughter life

If the Assessee is HUF- Any member life



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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
13 January 2010 I agreed with the above view
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
14 January 2010 agree with experts to any Person can take the benefit of sec.80C while payment of his own,spouse & childrens in any LIC. but subject to 1,00,000/-

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