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Deduction u/s 80c

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(Querist)
09 April 2016 Sir, my client has three LIC policy. 1st for his own, 2 nd is for his wife, and 3 rd is for his married daughter. The policy taken by him for daughter before marriage. After marriage of his daughter can he claim deduction u/s 80c?
Is there any will arise from IT dept i.e his daughter is married and suppose premium is paid by his husband then?

Premium paid by cash not cheque.
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Gaurav Verma

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Gaurav Verma (Expert)
09 April 2016 he cant claim premium of daughter's policy
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 April 2016 Premium of LIC policy can be paid in cash for getting benefit U/s 80C.
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U/s 80C, an assessee can claim deduction in respect of premium paid for the policy on life of his/her child. There is no specification like married or unmarried daughter. A daughter is always a child of her parents irrespective of her marital status. Pl. refer Section 80C(4).
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Daughter's husband can claim deduction if he pays the premium.
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In respect of the any premium amount, only one person can claim the deduction.
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