can a father eligible to claim deduction u/s 80 c for life insurance premium paid for his dependent major son & daughter
Menu
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
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
