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Availablity deduction under sec 80c while filing return

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Question related to income tax return

son filed his income tax return under new regime

And can his father get deduction under sec 80C by paying his son life insurance premium in "old income tax" while filing return ?

Replies (4)

Quick Summary

This discussion clarifies whether a father can claim a deduction under Section 80C for paying his son's life insurance premium. The consensus is yes, provided the father makes the payment. Section 80C allows deductions for premiums paid on life insurance for oneself, spouse, and children, meaning the payer is eligible for the deduction.

Roshni

Studwnt

730 Points Posted on 07 August 2020

80c talks about self spouse and children...so if you paid the amount you can claim the deduction

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 07 August 2020

Yes, why not...his father can get deduction under Section. 80C by paying his son life insurance premium.

Section.80C talks about self, spouse and children
So, if son paid than son get deduct,.. if father paid than father get deduction.

Ravi SADhiyan

Practice

3087 Points Posted on 07 August 2020

Originally posted by : Sagar Patel
	Yes, why not...his father can get deduction under Section. 80C by paying his son life insurance premium.Section.80C talks about self, spouse and childrenSo, if son paid than son get deduct,.. if father paid than father get deduction.