Deduction under sec 80c
This query is : Resolved
Siddalingesh Patil
(Querist)
13 February 2013
Sir/Madam,
Whether an assessee can claim deduction of LIC premium paid for his/her parents under Sec 80C?
Whether an assessee can claim deduction of LIC premium paid for his/her parents under Sec 80C?
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
No deduction is allowed for premium paid towards Parent's Policy
CA Prashant Gupta
(Expert)
13 February 2013
No, parents are not included in 80C.
so he can't calim premium paid on parents policy
so he can't calim premium paid on parents policy
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