banner_ad

Deduction under sec 80c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 February 2013 Sir/Madam,

Whether an assessee can claim deduction of LIC premium paid for his/her parents under Sec 80C?
Profile Image

CA Suraj Lakhotia

Profile Image

CA Suraj Lakhotia (Expert)
13 February 2013 Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction

No deduction is allowed for premium paid towards Parent's Policy
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
13 February 2013 No, parents are not included in 80C.
so he can't calim premium paid on parents policy
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details