Claim by father

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38 Points Joined May 2018
Son has paid LIC Premium on his own life. But he is not having Taxable income. His father is having Taxable income. Is it correct if father claims LIC Premium paid by his son in his Income Tax Return ?
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On 23 January 2022 at 10:53 Report
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

No. Not eligible.

If father is proposer of the policy, he has to pay for its claim.

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On 23 January 2022 at 12:22
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28118 Points Joined May 2017
Proposed whose name?
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On 24 January 2022 at 07:52
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CA
2141 Points Joined March 2014

No,parents can pay premium for himself,spouse and their children .But if father has to claim the rebate ,he has to pay from his account.

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On 24 January 2022 at 12:52


CCI Pro

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