Deduction of lic premium under huf
This query is : Resolved
13 November 2014
I WOULD LIKE TO KNOW WHETHER LIC PREMIUM IS ALLOWED UNDER HUF FOR TAX REBATE FOR BENIFICARY PERSON.
KHARTHA IS PAYING PREMIUM
KHARTHA IS PAYING PREMIUM
13 November 2014
Yes.policy in case of any member of HUF can be taken as deduction u/s.80C
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