Dear Friends,
I am paying my mother's LIC premium in such a way that, first i deposit cash in her account and then premium gets transfer electronically. So, can i get deduction u/s 80C ?
C.A. Sandeep Wawhal (CA, PGDFM, BCom) (1831 Points)
20 June 2016Dear Friends,
I am paying my mother's LIC premium in such a way that, first i deposit cash in her account and then premium gets transfer electronically. So, can i get deduction u/s 80C ?
Shishir Nayak
((Expert))
(369 Points)
Replied 20 June 2016
CA Prateek Garg
(CA in Practice)
(1447 Points)
Replied 20 June 2016
Louza
(CA Final )
(244 Points)
Replied 21 June 2016
Section 80C deduction cannot be allowed for Mother.Applicability is confined to Self,Spouse and children.No deduction can be claimed.
sunita
(article)
(80 Points)
Replied 23 June 2016
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