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U/s 80 C - LIC Receipt

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(Querist)
04 February 2010 Hi,

Please confirm,

can i avail exemption for lic policy of my parents name.

if yes then which under section avail.

Please guide me.

Regards,
Sandeep
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CA Shishir

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CA Shishir (Expert)
04 February 2010 Yes you can claim under u/s 80D on mediclaim policies only for your parents
You cannot claim u/s 80C for insurance of parents
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 February 2010 Agree U/s.80C Parents policy premium cannot claim
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
07 February 2010 Agree

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