Insurence premium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2013 hello sir,
a person paid insurance premium his son's name RS 180000.
who can claim deduction u/sec 80C.
both are having income 500000.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 December 2013 Upto 1 lakh rs is allowed under 80C.

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2013 hello sir
maximum deduction u/sec 80C 100000.
the person who can claim the deduction.
1).The person who paid the insurance premium is allowed deduction u/sec 80c
OR
2).The person whose name(son)in the insurance premium is allowed deduction?

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 December 2013 only the person who pays premium is allowed as deduction u/s 80C.

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