U/s 80 c exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2018
Sir, if any grand father deposit insurance premium of his grand daughter who in miner then in this case claim exemption u/s 80C KINDLY EXPLAIN
Thanks
Thanks
CA R SEETHARAMAN
(Expert)
21 December 2018
Not allowed.
In case of an individual, deduction is available in respect of policy taken in the name of taxpayer or his/her spouse or his/her children.
No deduction is available in respect of premium paid in respect of policy taken in the name of any person, other than given above.
In case of an individual, deduction is available in respect of policy taken in the name of taxpayer or his/her spouse or his/her children.
No deduction is available in respect of premium paid in respect of policy taken in the name of any person, other than given above.
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