Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Deduction in Sec 80C

This query is : Resolved

Share Report Follow Query Ask a Query

Raghav (Querist)
Follow

31 March 2010 Dear Sir,

If I have paid to LIC for my parents and policy is in the name of my parents. May I take benefit for this in sec 80C if Parents are depended.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

31 March 2010 NO.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

31 March 2010 No. Because premium paid on the life of self/spouse/child only are covered for deduction under section 80C.

CA. Kishore Choudhary

CA. Kishore Choudhary (Expert)
Follow

31 March 2010 No...but you can take health policy for you parents.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

31 March 2010 no

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
Follow

01 April 2010 agree with expert

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

01 April 2010 no

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Mitesh

Mitesh

Pro Member bhagat ram goyal

bhagat ram goyal

Pro Member Aastha Soral

Aastha Soral

Pro Member Nehal Ambekar

Nehal Ambekar

Pro Member Ashwin Tanna

Ashwin Tanna

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 15 May 2026

Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details

22 May 2026

Audit assistant

Displayandbeyond

Mumbai

CA

View Details

Featured 26 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

11 May 2026

AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details

ARTICLESHIP 31 May 2026

Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details

11 May 2026

CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details