Lic premium deduction
This query is : Resolved
19 December 2012
If a salaried person has LIC policy but the payment of premium is not paid by him through his account i.e his father makes the payment of LIC premium.
Can that employee get the deduction of this premium u/s 80C?
Can that employee get the deduction of this premium u/s 80C?
19 December 2012
No, Deduction is not availabe for a son.
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