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Sec 80C-Life Insurance Premium

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(Querist)
16 January 2010 If the life insurance premium is paid by son for his father then son can't claim the deduction, but can father claim deduction for this investment? What if the investment is in ELSS?
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
16 January 2010 No in any case whether Son get deduction or not father can not get deduction.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 January 2010 Instead of that Father can pay and get the deduction
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