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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2018 Hello..
I want to clear that if investment is made by son from his own income say in LIC can father claim deduction from from his income for the same.

Thank You.
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Arpit

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Arpit (Expert)
15 February 2018 No father cannot take benefit of 80C in this case. But if it was a loan taken from his son for payment of LIC premium which is later on returned by father to his son, then he can claim the benefit of 80C.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 February 2018 Yes, premium payment need not be out of the income of the assessee.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2018 Thank you
I was really confused about it but it is cleae.

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