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Investment in the name of Wife U/s 80C

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(Querist)
17 March 2008 a man invest a sum of Rs. 20000/- in the name of his wife in "LIC Market Plus Plan". i want to ask that , Is he eligible for deduction of Rs. 20000/- U/s 80c in his Income Tax Return which was invested in his wife name.
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CA Ankur Jain

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CA Ankur Jain (Expert)
17 March 2008 Whether the plan is covered u/s 80c. If the policy is ULIP then yes, otherwise no.
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Jitender

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Jitender (Expert)
17 March 2008 yes it is covered u/s 80c



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Mandeep Singh

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Mandeep Singh (Expert)
17 March 2008 yes, husband can claim deduction.
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
17 March 2008 yes
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
17 March 2008 YES HUSBAND CAN CLAIM DEDUCTION
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pushpendra

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pushpendra (Expert)
18 March 2008 Yes Husband can claim deduction if wife is not claiming deduction in her return
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Rajkumar Maheshwari

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Rajkumar Maheshwari (Querist)
18 March 2008 thanks to all of you




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