Easy Office
LCI Learning

Deduction U/s 80C

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 February 2011 Dear All,

Some of our employees asking whether LIC premium paid on their parents policies is allowable for deductions u/s 80 C ?.
Profile Image

Sunil Kr. Sanganeria

Profile Image

Sunil Kr. Sanganeria (Expert)
23 February 2011 LIC premium on his own life, life of the spouse or any child qualify u/s 80C. Premium paid on the parents does not qualify u/s 80C
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
23 February 2011 Mediclaim Premium paid for parent are allowed only under section 80D /80DD / 80DDB.

Its not allowed under 80C.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links