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Lic premiums

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2013 Hello sir,
Father is an income tax assessee senior citizen proposer for payment of lic premiums to his son, son is married and he has a child with age of 7 years but he is not incometax assessee and he belongs to big family not separated , can father(senior citizen) takes a benefit U/s 80c towards payments of his sons premiums, pls kindly reply me soon, waiting for your early compliance and oblige.
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Guest

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Guest (Expert)
13 January 2013 yes as per section 80-c father can claim deduction on account of payment of his son whether dependent or not, but he can not claim of his grand son
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anurag

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anurag (Expert)
13 January 2013 Yes Correct,
Grandson is not allowed for claiming deduction under section 80C.
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