80c
This query is : Resolved
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 ?
each other under sec 80C ?
25 February 2015
use means i didnt get it pls elaborate?
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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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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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