Deduction u/s 80c

This query is : Resolved

Aadish Jain (Querist)
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26 July 2014 if an assessee made following investment :-
1. PF Deducted by his employer 116000
2. Lic Premium paid 40000 for his own policy
3. Rs. 50000 Deposited in his PPF a/c by his own saving bank a/c cheque

than can his wife take deduction u/s 80C for the f.y. 2013-14
plz suggest

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 July 2014 No. Deduction u/s 80C can not be claimed by assessee's wife in the given case. Had the LIC premium been paid by his wife from her account tgen she could have claimed 80C deduction only for LIC premium.

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