Dear Friends,
I am paying my mother's LIC premium in such a way that, first i deposit cash in her account and then premium gets transfer electronically. So, can i get deduction u/s 80C ?
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Claim under Chapter VIA
Replies (5)
Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction. Please note that life insurance premium paid by you for your parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C.
Not for mother IMHO
deduction for insurance premium is available only if insured is self, spouse or children...
no deduction where mother is insured..
no deduction where mother is insured..
Section 80C deduction cannot be allowed for Mother.Applicability is confined to Self,Spouse and children.No deduction can be claimed.
yes u can get deduction, but make sure only one person can take deduction u/s 80c either you or your mom.
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