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RE:exemption under 80C
by Amitabh on Mar 12, 2008 08:13 PM

Deduction under 80C is available if the premium is paid for self,spouse or children.In case of an HUF deduction is available if premium is paid for any member of the family.So,in case of an individual,preium paid for parents will not qualify for deduction.

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Your income tax: How it works now