Deduction u/s 80 C

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can a father eligible to claim deduction u/s 80 c for life insurance premium paid for his dependent major son & daughter

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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