Regarding 80c deductions

Madhavi Pandit

78 Points Posted on 06 July 2020

If you have reimbursed them the amount and they are not claiming the deduction, you can claim the deduction.

Karteek V

16 Points Posted on 06 July 2020

Madam parents are not claiming ,I reimbursed through cash (by hand ) , can I show in deductions?

Ravi SADhiyan

Practice

4510 Points Posted on 06 July 2020

Originally posted by : Karteek V
	if my parent paid my lic premium through cheque ( via their bank account) , can I show it for my deductions?

Your Father can take benefit of 80C instead of you in your case

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 23 July 2020

You father can take benefit u/s 80C, if you want to take benefit than show the amount reimbursement to your father via cash/ cheque than u take benifit.

Karteek V

16 Points Posted on 23 July 2020

How to show reimbursement done to my parent via cash

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 23 July 2020

If you are maintaining books of account that through entry in books of accounts of both
if you are not maintaining books than than there is no need to show any where, just explain that u reimburse the said amount to father.
for safer side u can take sign receipt from father for reimbursement of same.

Karteek V

16 Points Posted on 23 July 2020

@ Sagar Patel thank you sir

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 23 July 2020

You are most welcome, sir👍

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Regarding 80c deductions

Karteek V

Madhavi Pandit

Karteek V

Ravi SADhiyan

Sagar Patel

Karteek V

Sagar Patel

Karteek V

Sagar Patel

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Regarding 80c deductions

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