Deduction u/s 80c

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Gv subba reddy (Querist)
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18 December 2013 hello sir,
a person pay the insurance premium his son's name 152000.
who can claim the deduction u/sec 80c.
both are having incomes more than 500000.
please reply me.

CA NEERAJ K DIXIT

CA NEERAJ K DIXIT (Expert)
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19 December 2013 person who paid the premium .

CA NEERAJ K DIXIT

CA NEERAJ K DIXIT (Expert)
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19 December 2013 person who paid the premium is eligible to claim deduction. In this case father is eligible.

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CA NEERAJ K DIXIT

CA NEERAJ K DIXIT (Expert)
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19 December 2013 person who paid the premium is eligible to claim deduction. In this case father is eligible.

Gv subba reddy

Gv subba reddy (Querist)
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19 December 2013 i asked the same question in this site one person(mba,cma,b.com) replied son is eligible deduction u/sec 80c
sir please give me correct answer.

CA NEERAJ K DIXIT

CA NEERAJ K DIXIT (Expert)
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19 December 2013 Under section 80C ,deduction is available to the person who made the payment .For reference see section 80C sub.sec. 2.

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