Rebate on 80c
Amit Vashist (39 Points)
17 January 2020
Is there any condition to pay emi of LIC in cash or cheque to take rebate in income tax.
2 Replies
ajeet singh
(1392 Points)
Replied 17 January 2020
No restriction on mode of payment but u cant pay more than 2lac in cash
Rajesh Mehta
(6 Points)
Replied 31 January 2020
Hi My Father Age is 82 yrs , he buy insurance policy on my mother (wife) name and in this policy grand daughter is Insured.Mother are Proposer and granddaughter are life insure in this case , any premium paid from my father Bank Account.
can he calim in 80 C ?
can he calim in 80 C ?
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