LIC premium for minor son

This query is : Resolved 

30 October 2009 Can deduction U/s 80C for payment of LIC premium for minor son be claimed by father in first year of payment and by mother in subsequent years

Thanks
Sameer Upadhyay

30 October 2009 Yes it can be there is no any specific restriction for such transaction

30 October 2009 Yes...can claim


31 October 2009 The deduction can be claimed by either parent who has paid the premium.

31 October 2009 The premium have to go from her account & then no issue .The payment can be claimed in 80C

29 January 2010 no restriction on major or minor child

29 January 2010 no difference between major or minor child for this regard.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries