Can an assessee deposit LIC premium of a non dependent child?
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LIC premium
Replies (6)
May deposit but it will not be eligible for deduction u/s 80C as child is not dependent
Child need not be dependant for claiming deduction u/s 80 C for LIC premium.
in my opinion, you can claim it
in my opinion, you can claim it
Deduction available
In our opinion, deduction is available even if he is independent
Irrespective of dependent or not parent can claim of LIC Premium paid.
You can claim deduction u/s 80C irrespective of the fact that child is dependent or not.
@ sourav Please guide properly and after thoroughly knowledge of Section.
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