U/s 80c
This query is : Resolved
AMIT KUMAR
(Querist)
31 December 2014
Dear Sir,
LIC Premium of my father's policy was paid by me every year. Can i claim lic premium rebate in my tax return u/s 80C because my father have no taxable income & he is not filling IT return.
Please suggest can i claim the rebate in MY IT Return.
Regards
Amit Kumar
LIC Premium of my father's policy was paid by me every year. Can i claim lic premium rebate in my tax return u/s 80C because my father have no taxable income & he is not filling IT return.
Please suggest can i claim the rebate in MY IT Return.
Regards
Amit Kumar
Rupesh Jain
(Expert)
31 December 2014
no your father get the rebate of your Life premium. but you cannot take the deduction u/s 80C
AMIT KUMAR
(Querist)
31 December 2014
but all other experts say that I can claim that u/s 80C....i am still confused.
Guest
Guest
(Expert)
31 December 2014
No you cant claim deduction.Only your father can claim.
CA R SEETHARAMAN
(Expert)
31 December 2014
You can't claim it see the link.
https://www.caclubindia.com/forum/80c-can-lic-premium-paid-for-dependent-parents-be-claimed-128774.asp#.VKOaddKUf2M
https://www.caclubindia.com/forum/80c-can-lic-premium-paid-for-dependent-parents-be-claimed-128774.asp#.VKOaddKUf2M
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