deduction under section 80C TO HUF,

This query is : Resolved

CA GAUTAM JAIN (Querist)
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14 July 2009 CAN A DEDUCTION BE CLAIMED BY AN HUF ASSESSEE FOR PAYING LIFE INSURANCE PREMIUM OF HIS SON'S WIFE FROM HIS ACCOUNT?

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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15 July 2009 In my opinion, it cannot be claimed.

Chandresh Pitroda

Chandresh Pitroda (Expert)
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15 July 2009 As per section 80(c)(4), Life Insurance Premium paid for any member of HUF is allowed.
And as per HUF wife of son can't be member.
So deduction is not allowed.

Ratan Sharma

Ratan Sharma (Expert)
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15 July 2009 Hi,
In my opinion the wife of son is a member of bigger HUF. She is a member of her husband's HUF as well as member of her father in law's HUF. Therefore as per sec. 80C(4)(ii) LIC paid for any member of HUF is entitled for deduction.