Can we take exemtion towards LIC premium paid for Parents ?
2 Replies
Bibek jaiswal
(Accountant)
(528 Points)
Replied 31 May 2018
LIC premium paid for parents will not be eligible for deduction u/s 80c
raja sekar
(1435 Points)
Replied 31 May 2018
But most of my clients who file their ITR themselves claim policies paid for their parents. The dept also issue refund after accepting the return.
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