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Deduction u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 IF insurance premium paid by assesse for his father than can he claim deduction u/s 80c.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 December 2013 Premium paid fro insurance policies taken for parents is NOT eligible for deduction u/s 80C.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
28 December 2013
LIC premium cannnot be cliamed as deduction. If it is a medical insurance premium taken for his depenedet ( Father or mother) can be claimed as deduction U/s 80 D




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