80c on lic payments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2012
Sir,
Uncle can claim LIC Premiums OR NOT, Policy in the name of
Daughter-in-law, LIC PREMIUM HAS PAID BY UNCLE'S BANK A/C.
AND
FATHER CAN CLAIM OR NOT SON'S LIC PREMIUMS PAID BY FATHER'S BANK A/C
Uncle can claim LIC Premiums OR NOT, Policy in the name of
Daughter-in-law, LIC PREMIUM HAS PAID BY UNCLE'S BANK A/C.
AND
FATHER CAN CLAIM OR NOT SON'S LIC PREMIUMS PAID BY FATHER'S BANK A/C
02 May 2012
Father can claim the deduction.
03 May 2012
Father can claim the LIC premium paid for his Son but in other case Uncle can not claim the deduction.
Thanks
Mihir Doshi
Thanks
Mihir Doshi
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