80C deduction
This query is : Resolved
Shankar Rao
(Querist)
18 December 2009
Dear all
My client has LIC Policy in his name up to 31.03.2009 he has paid the premium and claimed deduction u/s 80C. During this year he has resigned from job. His wife is salaried employee. If his wife cotinues to pay the premium of his husband can she clsim the deduction U/s 80C from 2010-2011 Asst Year.
My question is whether one can claim deduction for one year & another for another year depending up on payment made made
My client has LIC Policy in his name up to 31.03.2009 he has paid the premium and claimed deduction u/s 80C. During this year he has resigned from job. His wife is salaried employee. If his wife cotinues to pay the premium of his husband can she clsim the deduction U/s 80C from 2010-2011 Asst Year.
My question is whether one can claim deduction for one year & another for another year depending up on payment made made
Murtaza I Bhagat
(Expert)
18 December 2009
I think If one Investment is only use for One person So it may be Claimable. I also think wherever two of one having Dedction of 80C on above limit,at that time nextone can take extra 80C amount for deduction.
other views are also obliged
other views are also obliged
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