Income tax deduction


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2011 I want to know my father is no more, Do I get exemption of investment through me for my mother mediclaim and LIC by my bank a/c or anything else ?

23 February 2011 Payment of Premium by you for mother mediclaim policy can be claimed u/s 80D of the IT ACt but LIC premium for mother policy is not allowable u/s 80C of the IT ACT

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2011 why sir why LIC not ?

23 February 2011 Deduction for LIC premium is not allowed for parents... its only allowed for self / spouse/children

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2011 any declaration ?

23 February 2011 I agree with both experts opinion. Please refer clause 1 of Section 80(C).

05 March 2011 HI,
AGREED WITH THE EXPERTS

Regards
CA.LOHITH.J
B.com,ACA,CS,(ICWA),SAPM Hons,ITF Hons


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details