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Rebate on 80c
Is there any condition to pay emi of LIC in cash or cheque to take rebate in income tax.
Replies (2)
No restriction on mode of payment but u cant pay more than 2lac in cash
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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