Regarding section 80 c

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2013 why insurance premium paid by me for my parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C.

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07 April 2013 As per Sec.80C(4) individual can pay premium only for himself/herself and his wife/ husband and there children

07 April 2013 Not covered u/s 80C. It is only on self spouse and children.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2013 Any logic?

21 November 2021 Generally, parents pay for children's policy. Other way not seen practically.


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