Latest posts for the topic "Can I claim tax exemption for the premium that I pay for my parents insurance policy?"

Can I claim tax exemption for the premium that I pay for my parents insurance policy?

Usha — GMT

please advice

Re:Can I claim tax exemption for the premium that I pay for my parents insurance policy?

sachinarora — GMT

There is no insurable interest and you cannot take life insurance for your parents and make payments for their policies under PMLA act 2002. Unless you prove that your parents are financially dependent on you cannot make premium payment for them. In case you are able to demonstrate that your parents are dependent then you can claim tax exemption.

Can I claim tax exemption for the premium that I pay for my parents insurance policy?

Anonymous — GMT

can i get tax rebate on home loan on property in my fathers name who is totally dependent on me.emi is paid by me