DEDUCTION OF LIC U/S 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2011
can anybody tell me that is an individual eligible for deduction of lic on his working son who is unmarried and file his own income tax return.
09 July 2011
yes. Father eligible to claim the LIC premium of son`s policy under section 80C
09 July 2011
Allowable u/s 80C only if father is paying the son's premium.
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