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
CAclubindia
