Father's LIC

I am paying my father's LIC premium from my account. Can is claim premium deduction u/s 80C.

Replies (16)

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details