Can anyone please tell me.
If a father gifts his son Rs 1.5 lakhs and its used to pay for an LIC pension fund. Can the son show it as tax deductible under 80 CCC.
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Lic annuity plan
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Gift from father is not taxable.....
Any investment in LIC pension fund is deductible u/s. 80CCC with cap of 1.50 lakhs, alongwith any other investment made in under 80C options....
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