Exemption of lic
This query is : Resolved
21 February 2013
Dear Sir,
I am salaried employee and i took LIC and paid premiums for my parents which dont have source of income
Can i claim those Premium as exemption under u/s 80C
I am salaried employee and i took LIC and paid premiums for my parents which dont have source of income
Can i claim those Premium as exemption under u/s 80C
21 February 2013
no for u, spouse and children only..Even if the parents are dependent on the individual the premium paid does not qualify for deduction under section 80c......
21 February 2013
Thanks Arun sir
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