1.Can I claim tax benefits for money I pay towards insurance which my father took for my mother..??
2. Can i claim tax benefits under 80C for which my mother takes an insurance policy for 50k Rs annually (for which I pay)
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Insurance policy tax doubts..
Replies (1)
1. No, deduction can be claimed by the policy holder.
2. Who is policy holder? A policy taken in the name of any other person won't be eligible for any tax benefits.
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