exemption

This query is : Resolved

CA Chintan Parikh (Querist)
Follow

17 December 2010 Dear Sir,

In case my son is married & i paid his & her Join Lic Policy Prmium than premium amount exempted from my salary form no-16

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

17 December 2010 Exemption for dependent child can only be taken.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

18 December 2010 what I know is exemption u/s 80C for LIP can be claimed even if child is married/unmarried, male. female, dependant. independent major or minor.

so I think it will be allowed if u have paid the same .

Upgrade to CAclubindia Pro. Subscribe Now!