can a father eligible to claim deduction u/s 80 c for life insurance premium paid for his dependent major son & daughter
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Deduction u/s 80 C
Replies (3)
Dear Prabhu,
As per sub section (4) of Section 80C :- Specified Person means:- (for LIC premium)
(i) in the case of an individual, the individual, the wife or husband and any child of such individual, and
(ii) in the case of a Hindu undivided family, any member thereof;
Hence major son & daughter are very much covered under the scope of Section 80C.
Agree with Mr. Varun
Thanks Varun & Deepak
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