Deduction under 80c of income tax


(Querist)
19 July 2019
Dear Sir,\
Can i can get the deduction under 80C for LIC PAID on behalf of my nephew,please let me know so that i can claim for the same as soon as possible
With Regards


B.Chackrapani Warrier (Expert)
19 July 2019
Not eligible. Please see section 80C(4)(a)(i).

Ankur (Expert)
20 July 2019
This deduction can be claimed for premiums paid towards insuring:-
- Self,
- Spouse,
-Dependent children and
- any member of Hindu Undivided Family.


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