Grandmother has taken a life insurance policy for her grandson. In the policy the policy holder is the grand mother and the beneficiary is grandson. She borrowed money from her son from which she paid for the policy. Who will get deduction- grandmother or son?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 29 March 2023
Policy Holder.... Grandmother can claim sec. 80C deduction.
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