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.
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