Menu
80c benefit for insurance policy in the name of grandchild
Can Income Tax benefit u/s 80c be availed for a insurance policy taken in the name of grandchild
Replies (1)
| Originally posted by : Abhisek Mitra | ||
 |
Can Income Tax benefit u/s 80c be availed for a insurance policy taken in the name of grandchild |  |
No, grand parents cannot enjoy tax deduction u/s 80C for policy taken by them for their grand children.
.
In the case of an individual policy should be taken on his own life, life of the spouse or any child (child may be dependent/independent, male/female, minor/major or married/unmarried).
Recent Topics :
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
Related Topics :
CAclubindia
