08 October 2021
80C (2) says (2) The sums referred to in sub-section (1) shall be any sums paid or deposited in the previous year by the assessee— (i) to effect or to keep in force an insurance on the life of persons specified in sub-section (4);
subsection 4 (4) The persons referred to in sub-section (2) shall be the following, namely:— (a) for the purposes of clauses (i), (v), (x) and (xi) of that sub-section,— (i) in the case of an individual, the individual, the wife or husband and any child of such individual, and (ii) in the case of a Hindu undivided family, any member thereof;
So in case of HUF premium paid for any member possible to claim deduction.
08 October 2021
Yes agreed. The difference was already marked in the query.... i.e. " ......premium paid through HUF account...." itself implies the policy holder is HUF....
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