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LIC premium for minor son

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(Querist)
30 October 2009 Can deduction U/s 80C for payment of LIC premium for minor son be claimed by father in first year of payment and by mother in subsequent years

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Sameer Upadhyay
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Kapil Arora

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Kapil Arora (Expert)
30 October 2009 Yes it can be there is no any specific restriction for such transaction
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G.Ramesh

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G.Ramesh (Expert)
30 October 2009 Yes...can claim
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
31 October 2009 The deduction can be claimed by either parent who has paid the premium.
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O.D.SHARMA

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O.D.SHARMA (Expert)
31 October 2009 The premium have to go from her account & then no issue .The payment can be claimed in 80C
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Padmaja CA

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Padmaja CA (Expert)
29 January 2010 no restriction on major or minor child
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 January 2010 no difference between major or minor child for this regard.

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