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Deduction u/s 80C

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2010 Can a mother claim deduction u/s 80c in repect of LIC premium paid in the name of married daughter.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 June 2010 Yes.Even married daughter premium paid can be claimed
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
22 June 2010 As per section 80 C , in the case of an individual, insurance premium can be paid for the individual himself or for the wife or husband and any child of such individual,

There is any child , it may be married or unmarried. It may dependent or independent .
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Rahul Gupta

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Rahul Gupta (Expert)
22 June 2010 Agreed with Mr. Ramesh and Mr. Bansal. Mother can claim the deduction for LIP paid.

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