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Regarding section 80 c

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2013 why insurance premium paid by me for my parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C.
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Guest

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Guest (Expert)
07 April 2013 As per Sec.80C(4) individual can pay premium only for himself/herself and his wife/ husband and there children
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2013 Not covered u/s 80C. It is only on self spouse and children.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2013 Any logic?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
21 November 2021 Generally, parents pay for children's policy. Other way not seen practically.

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