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
This discussion explores whether an individual can claim an income tax deduction under Section 80C for premiums paid on a life insurance policy taken out in their daughter's name. The individual wishes to claim this deduction as they have no other 80C savings, despite the daughter also being an income tax assessee. The advice given suggests this is possible, even if the daughter files her own tax return.

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details