Mr.A Paid Lic Premium of rs90000/- for him self from his bank account.though he did not claim execption u/s 80c.can his wife claim that exemption u/s 80c ?
Devendhar Thopula (Student CA IPC / IPCC) (24 Points)
29 July 2014Mr.A Paid Lic Premium of rs90000/- for him self from his bank account.though he did not claim execption u/s 80c.can his wife claim that exemption u/s 80c ?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 29 July 2014
No devendher,
deduction can be claimed by the person who has paid the amount.Therefore Mr A has to claim it.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 29 July 2014
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