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Lic deduction

This query is : Resolved 
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(Querist)
12 March 2015 Dear Experts,

Is LIC premium paid by bank A/c of karta on any of the member of HUF is eligible for deduction for HUF u/s 80C or not?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
12 March 2015 In my opinion it should be made from bank account of HUF only.
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CA Saurabh Khatri

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CA Saurabh Khatri (Querist)
12 March 2015 Please specify section or rule or any notification or circular favoring your comment.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 March 2015 if karta have made payment in personal capacity as individual then sec 80C benefit not allowed to huf.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
12 March 2015 There is no any section or rule or notification or circular. It is pretty much clear that Section 80C deduction is only available to a person who has paid insurance premium.
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