Hi,
I am paying amount for my parents lic policies. Whether i can include these policies under 80C section ?
I have checked in my company, they are not accepting my parents policy under 80C.
Thanks & Regards,
Amaresh
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Whether i can show my parents lic policy under 80c
Replies (4)
NO, you cant. Check this thread too /forum/80c-can-lic-premium-paid-for-dependent-parents-be-claimed-128774.asp
you can only claim LIC premium paid for SELF , SPOUSE AND CHILDREN .
Yes, life insurance premium paid by you for your parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C.
Thanks everyone.
Whether i can transfer my parents policy to my name ?.
Thanks & Regards,
Amaresh
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