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80c

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(Querist)
25 February 2015 husbund & wife both are salaried person & both are having taxble income. in this case can they use life insurance policy
each other under sec 80C ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 February 2015 use means i didnt get it pls elaborate?
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Rupesh Jain

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Rupesh Jain (Expert)
25 February 2015 WHY IT REQURIED ? CLAIM SELF POLICY FOR CLAIM U/S 80c
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 February 2015 Yes they can claim deduction u/s 80C for LIC Premium paid on each others life. Whoever makes the payment, whether husband or wife, can claim the deduction.
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