U/s 80c

This query is : Resolved

AMIT KUMAR (Querist)
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31 December 2014 Dear Sir,

LIC Premium of my father's policy was paid by me every year. Can i claim lic premium rebate in my tax return u/s 80C because my father have no taxable income & he is not filling IT return.

Please suggest can i claim the rebate in MY IT Return.
Regards
Amit Kumar

Rupesh Jain

Rupesh Jain (Expert)
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31 December 2014 no your father get the rebate of your Life premium. but you cannot take the deduction u/s 80C

AMIT KUMAR

AMIT KUMAR (Querist)
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31 December 2014 but all other experts say that I can claim that u/s 80C....i am still confused.

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Guest

Guest (Expert)

31 December 2014 No you cant claim deduction.Only your father can claim.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2014 You can't claim it see the link.

https://www.caclubindia.com/forum/80c-can-lic-premium-paid-for-dependent-parents-be-claimed-128774.asp#.VKOaddKUf2M