Deductions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2018
Hello..
I want to clear that if investment is made by son from his own income say in LIC can father claim deduction from from his income for the same.
Thank You.
I want to clear that if investment is made by son from his own income say in LIC can father claim deduction from from his income for the same.
Thank You.
15 February 2018
No father cannot take benefit of 80C in this case. But if it was a loan taken from his son for payment of LIC premium which is later on returned by father to his son, then he can claim the benefit of 80C.
15 February 2018
Yes, premium payment need not be out of the income of the assessee.
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2018
Thank you
I was really confused about it but it is cleae.
I was really confused about it but it is cleae.
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