Deduction u/s 80 c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 January 2012 if insurance policy is in the name of wife who is retired & having pension & the policy premium is paid by husband or by her.
This person can take deduction u/s 80c for premium paid by him for his retired wife's policy?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 January 2012 Deduction u/s 80C is available if premium is paid for the insurance of wife or husband and any child of the individual.

Accordingly, husband can claim deduction in respect of premium paid for the policy of his wife.

Querist : Anonymous

Querist : Anonymous (Querist)

19 January 2012 husband can take deduction u/s 80c if his wife, children are dependent on him. But in this case wife is retired & getting pension, how can husband will get exemption?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 January 2012 Section 80C does not require that the spouse and children should be dependent on the individual.

So, he can claim the deduction.

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