banner_ad

Deduction u/s 80 c lic

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 February 2013 Husband Paid Rs.2 lac his own LIC premium from his own account but Wife Paid only Rs. 10000
Than in Husband Return Deduction is Allowed only Rs. 1 lac as per 80 C
And in Wife Return Deduction is Allowed only Rs. 10000 as per 80 C
But can I take Balance Rs. 1 lac of Husband's LIC in Wife return as Deduction u/s 80 C and claim benefit by Showing Loan in his Balance Sheet
And Claim Rs. 1 lac in each returns as benefit u/s 80 C
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 February 2013 In case of LIC Premium, payments it is not advisable. It's up to the risk bearing capacity of the assessee.
.
Profile Image

TUSHAR SHANKAR SHRIGADI

Profile Image

TUSHAR SHANKAR SHRIGADI (Querist)
02 February 2013 wife can take or not the lic deduction ?
Profile Image

S Sivasalapathy

Profile Image

S Sivasalapathy (Expert)
02 February 2013 Normally wife can claim 80c deduction upto rs 1 lakh.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details