Deduction in Sec 80C

This query is : Resolved 

31 March 2010 Dear Sir,

If I have paid to LIC for my parents and policy is in the name of my parents. May I take benefit for this in sec 80C if Parents are depended.


31 March 2010 No. Because premium paid on the life of self/spouse/child only are covered for deduction under section 80C.


31 March 2010 No...but you can take health policy for you parents.


01 April 2010 agree with expert




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