LIC Premium
This query is : Resolved
26 September 2008
Hi All,
Can anybody suggest me for the below details :
I am single Female individual have been paying premium of my mother every year. Do I eligible for the premium amount paid for tax exemption from taxable income.
Thanks & Regards,
Vasantha.
Can anybody suggest me for the below details :
I am single Female individual have been paying premium of my mother every year. Do I eligible for the premium amount paid for tax exemption from taxable income.
Thanks & Regards,
Vasantha.
Vivek Goel
(Expert)
26 September 2008
no u can not take such benefit, as per section 80C lic premium paid only for self, spouse & children is allowed as deduction.
however if u are paying her medical insurance premium & she is dependend on u, then u can take deduction u/s 80D
however if u are paying her medical insurance premium & she is dependend on u, then u can take deduction u/s 80D
27 September 2008
Appreciation for the correct answer.
27 September 2008
No appreciations are required dear, as it is expected that one should answer correct and to the point in this (EXPERTS) Section.
{Getting points by such reply's is not good in expert section}
{Getting points by such reply's is not good in expert section}
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