Entitlement of deduction U/s. 80c
This query is : Resolved
22 February 2010
If an individual is unmarried, can he claim an exemption u/s. 80C towards life insurance premium for his parents, dependent brother & sisters.
22 February 2010
Deduction of LIC can be claimed for
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
22 February 2010
Deduction of LIC can be claimed for
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
22 February 2010
Deduction of LIC can be claimed for
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
- An Individual himself.
- His/ her spouse and
- any child of such individual.
Hence, deduction can't be claimed for parents/ brother / sister.
Regards
22 February 2010
Only policy of Spouse,children allowed
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