kindly know to me that if a grand parents invest on the name of his/her grand children's in single premium ca. the take rebate under 80c
thanks
No, grand children not covered under 80C for Life insurance premium deduction..
2 Replies
Pawan
(CA Final)
(572 Points)
Replied 29 March 2018
For Deduction under section 80C for Life Insurance policy, deduction can be claimed if the policy is in the name of Self, his / her Spouse or his/her Children only.
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