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Lic premium of by huf

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(Querist)
16 August 2012 Can a HUF pay the LIC premiun of its karta & other members, Is it eligible for deduction u/s 80C in the assessment of HUF.
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U S Sharma

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U S Sharma (Expert)
16 August 2012 yes, its allowed
however for safe side, use payment by cheque, and avoid cash transactions in HUF

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