Who will claim deduction under 80c ?
This query is : Resolved
06 June 2013
Mr. X Paid the Premium of Rs.25000/- for the Policy of his Son Mr.Y
Who can Claim Deduction ?
Does Answer Changes if Mr.Y is Dependable ?
Will there be any kind of Adjustment in the Balancesheet to the above case Beside 80c ?
Mr. X Paid the Premium of Rs.25000/- for the Policy of his Son Mr.Y
Who can Claim Deduction ?
Does Answer Changes if Mr.Y is Dependable ?
Will there be any kind of Adjustment in the Balancesheet to the above case Beside 80c ?
06 June 2013
Hi Amit,
you can claim the deduction if you have a minor dependable son.
It will affect your capital account in the Balance sheet
you can claim the deduction if you have a minor dependable son.
It will affect your capital account in the Balance sheet
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