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Certain doubt u/s 80C.
sir , I am an income tax assessee and my daughter is also an income tax assessee but her income is not taxable before claiming any deductions u/s.80C. But now, I would like to take one policy in her name but I pay the amount and I would like to take 80C deduction because I do not have any 80C savings and my income is a taxable. Is it possible ?, kindly advis
Replies (2)
Quick Summary
Yes, you can avail the deduction u/s. 80C, for the premium paid over LIC policy in the name of your daughter.
But, sir my daughter is also filing income tax returns
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