Lic pymnt by huf
This query is : Resolved
22 December 2012
CAN HUF MAKE THE PYMNT OF LIC PREMIUM ON BEHALF OF IT;S MEMBER FROM IT'S OWN FUND
22 December 2012
Hey hi,
Yes HUF can make LIC premium payment on behalf of its members. It may be on the life of any member of HUF.
Thanks//Vaibhav
Yes HUF can make LIC premium payment on behalf of its members. It may be on the life of any member of HUF.
Thanks//Vaibhav
22 December 2012
Allowed under sec 80c but for the members of huf only which are karta, his daughters and sons. Ie wife is not a member of huf.
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