Claiming of life insurance premium
This query is : Resolved
n.srinivasarao
(Querist)
04 January 2015
husband doing small business and wife doing job. lic premiums of both the persons are paid by wife. Is it possible to claim both of their lic premiums in wife IT return.Please send me the reply
CA R SEETHARAMAN
(Expert)
04 January 2015
Both of lic premium can be claimed by wife.
CA Kumar Mukesh
(Expert)
05 January 2015
yes you can, irrespective of fact that who is the payer.
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