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80 c deduction

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(Querist)
04 September 2015 Sir,

If an assessee has paid premium of 2.5 lakhs on a single policy(not more than 20% of the sum assured), Can it be claimed by both the assessee and his spouse.

1.5 lakhs by the assessee and balance 1 lakh by his spouse.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
04 September 2015 No 80C benefit can be availed only by individual who has paid the premium.

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