In my company they are not allowing me to include my parents(dependent) lic policy for tax exemption.Is there any solution to include in my tax submission.
3 Replies
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 12 September 2009
YOU CAN INCLUDE IT IN YOUR RETURN AND CLAIM IT
Krutesh Patel
(ACA)
(727 Points)
Replied 12 September 2009
In 80C no Deduction is available for LIC paid by child for his parents. So your company is right. See Sec 80C
Recent Topics
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
Related Threads
CAclubindia
