Deduction for huf
This query is : Resolved
08 August 2013
Respected sir,
We are huf can we get deduction of section 80 for incometax purpose.premium paid in name of karta. Which type if deduction we get for income tax purpose
We are huf can we get deduction of section 80 for incometax purpose.premium paid in name of karta. Which type if deduction we get for income tax purpose
CA PARAS BAFNA
(Expert)
08 August 2013
For any member of the HUF including karta-
U/s 80C : HUF can claim life insurance premium .
U/s 80D : HUF can claim health insurance premium (Medi-Claim) .
U/s 80C : HUF can claim life insurance premium .
U/s 80D : HUF can claim health insurance premium (Medi-Claim) .
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