Sec. 80C Son's policy premium paid by father

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Student CA IPC / IPCC
28 Points Posted on 06 September 2020
Can a Son claim deduction of premium on his policy paid by his father?
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On 06 September 2020 at 20:08 Report
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This discussion addresses whether a son can claim a tax deduction under Section 80C for policy premiums paid by his father. The consensus is that only the individual making the premium payment is eligible to claim the deduction. Therefore, if the father pays the premium, he is the one who can claim the tax relief, not the son.

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209 Points Posted on 06 September 2020
The person making the payment can only claim deduction
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On 06 September 2020 at 20:56
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Student CA IPC / IPCC
28 Points Posted on 06 September 2020
Thanks Aman
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On 06 September 2020 at 21:10

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