Lic premium
This query is : Resolved
01 February 2013
Dear Expert,
kya koi person apne 18 saal se upar ke child ka LIC premium payment karke apna Income Tax Exemption le sakta hai?
kya koi person apne 18 saal se upar ke child ka LIC premium payment karke apna Income Tax Exemption le sakta hai?
01 February 2013
U/s 80C -"Children" of the assessee word has been used. "Bachhe" to "Bachhe" hi rahange...kitne hi Bade kyon na ho jaye.
.
Yes he can get Deduction U/s 80C.
.
Yes he can get Deduction U/s 80C.
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01 February 2013
Yes, I totally agree with Mr.Paras!
01 February 2013
Thanks Sir
01 February 2013
Sir,
Agar child ki apni income hai tab bhi benifit uske father ya mother ko mil sakta hai?
Agar child ki apni income hai tab bhi benifit uske father ya mother ko mil sakta hai?
01 February 2013
yes, child can be dependent/independant, major/minor, there is no issue.
So if child has his own income than also father can get 80C benefit
So if child has his own income than also father can get 80C benefit
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