Father's LIC

sec 80C (4) specifies the persons on whose account the sum/premium may be paid for claiming the deduction. In case of an individual it is the individual, the spouse and any child of such individual only. Since parents are not covered you will not be entitled for the deduction u/s. 80C; in your case

yes i agree wit rupesh

Mr.Deepak Tapse

Lic premium paid on the life of the individual, spouse or children.

(children can be either minor or major, married or not,dependent or independent)

Parents or any other relative will not qualify....

I hope the above, answers your question....

Agree with Rupesh & Deepak

Originally posted by : C.Balaji
	Mr.Deepak Tapse Lic premium paid on the life of the individual, spouse or children. (children can be either minor or major, married or not,dependent or independent) Parents or any other relative will not qualify.... I hope the above, answers your question....

No, you can't claim it as deduction under section 80 C. Rupesh is right.

father's lic premeium can't be claimed by son u/s 80c

u can not claim

 Father is not the part of family u/s 80C (LIC) in the income tax act. So son cannot claim the deduction for lic premium.

 NO U CANNOT CLAIM DEDUCTION

 YOU CANNOT CLAIM DEDUCTION UNDER SECTION 80C FOR LIC PREMIUM IT'S SPECIALLY DEFINED IN LAW THAT THIS DEDUCTION IS ALLOWED FOR PAYMENT MADE IN RESPECT OF ASSESSEE, SPOUSE, CHILDREN(CHILDREN MAY BE MINOR OR MAJOR, DEPENDENT OR INDEPENDENT)

AS PER SECTION 80 C(4)(a)

"(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;" 

NOW YOU CAN GET DEDUCTION IN JUST ONE CASE WHEN YOU HAVE HUF OTHER WISE NO CHANCE FOR DEDUCTION

i agree with rupesh

no you cant take the deduction

Thanks to all.

No you cannot claim deduction of same u/s 80c