Ask Money Today: Can I pay life insurance premium for my wife, daughter for tax deduction?
I am the karta of my Hindu Undivided Family (HUF). If I deposit Rs 1 lakh in my daughter’s PPF account, will I get a deduction under Section 80-C for my HUF income? Also, can I get an 80-C tax deduction on my individual income if I buy a life insurance policy for my wife … Read more