Bosco Carvalho (PCC ) (37 Points)
08 July 2011
One of my office clients has paid insurance for his grandaughter will this be considered as a deduction u/s. 80C
Also, if the deduction is available them how much one can claim if he is paying for 2 or more grandchildren
Arvind Sharma
(ACA)
(1432 Points)
Replied 08 July 2011
No.,
Assessee can claim deduction of Insurance Premium (other than of Mediclaim) if the policy is of his or his spouse or of his children.., Grand Daughter/Son are not mentioned.... So, can't claim benefit that premium... :(
CAclubindia
