Deduction under section vi a

This query is : Resolved 

10 March 2012 Who are eligible for Deduction U/S VI A
of LIC Insurance Paid

My Uncle paid a lic for myself is it eligible for deduction in my uncle tax preparation

10 March 2012 Only LIC premium paid for Spouse, Children allowed under 80C. You uncle paid for yourself not eligible to claim by your uncle

10 March 2012 Totally agree with expert. And one more thing that decuction u/s. 80C is prescribed under CHAPTER VI-A.( Not u/s. VIA) of Income tax Act, 1691




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