banner_ad

LIC premium for minor son

This query is : Resolved 
Profile Image

Profile Image

(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

Thanks
Sameer Upadhyay
Profile Image

Kapil Arora

Profile Image

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

G.Ramesh

Profile Image

G.Ramesh (Expert)
30 October 2009 Yes...can claim
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

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

O.D.SHARMA

Profile Image

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
Profile Image

Padmaja CA

Profile Image

Padmaja CA (Expert)
29 January 2010 no restriction on major or minor child
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
29 January 2010 no difference between major or minor child for this regard.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details