deduction u/s 80c

444 views 4 replies

Hello

I have paid life insurance policy of rs. 40000 for my father. would i eligiable for deduction u/s80c.

thank in advance

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register