Hi,
My lic premium paid by fathers a/c. can i claim for income tax benifits under sec 80c?
pl reply me.
dilip derle (TAX CONSULTANT) (70 Points)
12 July 2011Hi,
My lic premium paid by fathers a/c. can i claim for income tax benifits under sec 80c?
pl reply me.
vipul patel
(Ahmedabad)
(320 Points)
Replied 12 July 2011
If your lic primium paid by your father than your father can claim deduction you can't cliam Deduction
Deepak Agarwal
(Chartered Accountant)
(117 Points)
Replied 12 July 2011
| Originally posted by : dilip derle | ||
 |
Hi, My lic premium paid by fathers a/c. can i claim for income tax benifits under sec 80c? pl reply me. |
 |
No,,, You Can't claim deduction for LIC Premium as the same is paid by your father.
CHIRAG DEEPAK GANATRA
(CA FINAL)
(1054 Points)
Replied 12 July 2011
It will be claim in your fathers file
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