dduction U/s 80 C
This query is : Resolved
Gaurav Dasani
(Querist)
24 November 2010
if the payment of LIC paid by assessees wife whether the assesse is eligible to take the deduction for the same.
CA Navin Jain
(Expert)
24 November 2010
YES ASSESSEE CAN CLAIM THE DEDUCTION
CA. Aryendra
(Expert)
24 November 2010
Agree with expert
But payment should be made by the assessee
But payment should be made by the assessee
24 November 2010
Deduction is available to the payee only.
So if wife paid the LIC premium the 80C deduction will be available to her only.
So if wife paid the LIC premium the 80C deduction will be available to her only.
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