Hello
I have paid life insurance policy of rs. 40000 for my father. would i eligiable for deduction u/s80c.
thank in advance
Menu
deduction u/s 80c
Replies (4)
yes sir...... u can definitely claim that premium u/s 80 C.......
regards,
ratan
yeah u can claim
according to sec 80C the deduction is available if the policy is taken on own life, life of spouse or any child but not for parents
Mr. Navin.. sorry for my first reply..... deduction for insurance premium can be taken by individual only if premium is paid on the life of individual, spouse or children (whether minor or major./married or unmarried.)
regards,
ratan
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
