Lic premium of by huf
This query is : Resolved
16 August 2012
Can a HUF pay the LIC premiun of its karta & other members, Is it eligible for deduction u/s 80C in the assessment of HUF.
16 August 2012
yes, its allowed
however for safe side, use payment by cheque, and avoid cash transactions in HUF
however for safe side, use payment by cheque, and avoid cash transactions in HUF
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