Relaxation 80c individual & huf
This query is : Resolved
31 December 2015
The Anual primium of LIP (Rs. 3 lakh) is paid by me. in which relaxation of 1.5 lac i take in sec. 80C in our individual return. may i take remaining Rs. 1.5 lac relaxation in my HUF return. please guide me.
31 December 2015
The person who pays the premium is allowed to take it as deduction,.
31 December 2015
Who has paid the insurance out of sum chargeable to tax gets entitled for deduction.
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