Sec 80c deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2013
HI EVERYONE ... i HAVE TWO DEPENDANT SISTERS . I HAVE PAID LIC PREMIUM ON THEIR NAMES AND THEIR TUTIONS FEES. CAN I TAKE EXEMPTION UNDER SEC 80C.
27 July 2013
1) Amount paid towards life insurance premium for yourself, your spouse or your children can be claimed as deduction under Section 80C. LIC premium paid for sister is not eligible for deduction u/s 80C.
2) Deduction for tution fees is available only for children and not for sisters.
2) Deduction for tution fees is available only for children and not for sisters.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
