13 January 2013
Hello sir, Father is an income tax assessee senior citizen proposer for payment of lic premiums to his son, son is married and he has a child with age of 7 years but he is not incometax assessee and he belongs to big family not separated , can father(senior citizen) takes a benefit U/s 80c towards payments of his sons premiums, pls kindly reply me soon, waiting for your early compliance and oblige.
Guest
Guest
(Expert)
13 January 2013
yes as per section 80-c father can claim deduction on account of payment of his son whether dependent or not, but he can not claim of his grand son
CAclubindia
