Deduction under section vi a
This query is : Resolved
10 March 2012
Who are eligible for Deduction U/S VI A
of LIC Insurance Paid
My Uncle paid a lic for myself is it eligible for deduction in my uncle tax preparation
of LIC Insurance Paid
My Uncle paid a lic for myself is it eligible for deduction in my uncle tax preparation
10 March 2012
Only LIC premium paid for Spouse, Children allowed under 80C. You uncle paid for yourself not eligible to claim by your uncle
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10 March 2012
Totally agree with expert. And one more thing that decuction u/s. 80C is prescribed under CHAPTER VI-A.( Not u/s. VIA) of Income tax Act, 1691
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