Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
My Question is, if a person pay his married son & daughter LIC on his account than can he claim deduction u/s 80c for the purpose of saving tax
24 February 2011
Yes you can claim.
Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction. It does not matter whether son/daughter is married or not.
Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction. It does not matter whether son/daughter is married or not.
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