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Deduction u/80 c

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This query is : Resolved

VIKAS SRIVASTAVA (Querist)
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21 January 2012 mr & mrs A are salaried employees. mr A falls under exempt limit. while mrs. A pays her tax.
both of them have opted LIC plan.
mrs. A pays the premium of his husband alongwith her premium too.
now please clear me whether she can claim the deuction of premium paid for her husband alongwith hers. if yes plese explain the procedure for it , if no ,why?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 January 2012 Yes. She can claim please refer the clause of sec.80C

(4) The persons referred to in sub-section (2) shall be the following, namely:—

(a) for the purposes of clauses (i), (v), (x) and (xi) of that sub-section,—

(i) in the case of an individual, the individual, the wife or husband and any child of such individual, and

(ii) in the case of a Hindu undivided family, any member thereof;

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