Regarding sec 80c deduction
This query is : Resolved
27 February 2016
Hello everyone I have a query & seek your assistance.
I'm a major & dependant son on my mother. She pays for life insurance premium of policy taken on my name, annually by cash mode.
If such payment is eligible for sec 80C deduction & how shall we prove that payment is actually made by her, because it is paid by cash, although we have a receipt of payment.
Thanks in advance.
I'm a major & dependant son on my mother. She pays for life insurance premium of policy taken on my name, annually by cash mode.
If such payment is eligible for sec 80C deduction & how shall we prove that payment is actually made by her, because it is paid by cash, although we have a receipt of payment.
Thanks in advance.
27 February 2016
Yes it will be eligible for 80C deduction. Your mother can take the benefit.
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