Huf investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2014
Dear Sir,
I (ABC) paid LIC premium into (ABC) HUF a/c and can i (ABC HUF) get benefite u/s 80c
For Example
ABC 10000/- LIC PREMIUM
PAID BY ABC HUF 10000/- PREIMUM
ABC HUF CAN GET BENEFIT OF U/S80C
Thanks in advance.
I (ABC) paid LIC premium into (ABC) HUF a/c and can i (ABC HUF) get benefite u/s 80c
For Example
ABC 10000/- LIC PREMIUM
PAID BY ABC HUF 10000/- PREIMUM
ABC HUF CAN GET BENEFIT OF U/S80C
Thanks in advance.
27 March 2014
yes it is allowed if paid in fy 13-14.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2014
Dear Sir,
Thanks for your reply.
It means If indivisual LIC payment done by HUF then get tax benefit u/s 80C in HUF tax calculation
Thanks for your reply.
It means If indivisual LIC payment done by HUF then get tax benefit u/s 80C in HUF tax calculation
28 March 2014
but should be paid by huf for payment of its members.
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