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About 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 September 2013 let me know ,I paid insurance premium of my father and mother can i avail deduction under 80C.
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
02 September 2013 Yes you can avail deduction.
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@VaibhavJ

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@VaibhavJ (Expert)
02 September 2013 Hi,

Correction:
ife insurance premium paid for the life insurance policy of parents or siblings is not allowed as deduction under section 80c. Even if the parents are dependent on the individual the premium paid does not qualify for deduction under section 80c.

http://section80c.in/life-insurance-premium/

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