Dear Sirs,
Someone takes life insurance policy on the name of his grandson (i.e. life insured of his grandson). He(Grandfather) is policy owner and all money back will receive on his own name. Kindly sugeest benefit of Section 80C can be taken or not?. I am attaching insurance document for your reference.
Kindly help me on above topic.
Thanks
Ajay Singh
No, Deduction U/s 80C not available
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