An lic policy has been taken in the name of a person's daughter and premium amount is paid by father in cash and father is claiming deduction under section 80C for the respective year and afterwards if daughter pays premium of that policy . Whether daughter can claim deduction under sec 80 C for such premium paid by her for the year for which she has paid premium?
Deduction under section 80c
Replies (3)
The answer to your query is Yes, Daughter can claim deduction of 80C if She is making Payment.
If she is liable to file the return and filing the return, then can claim the deduction under section 80C.
But if she is receiving the money as gift from her father and no other income, then pay this from out of this gifted money, then cannot.
according to me, yes the daughter can claim its deduction
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