Deduction under 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2013
My wife and I, both work.
Is it possible to consider my LIC policy for deduction under 80C in calculation of Taxable income for my wife?
Is it possible to consider my LIC policy for deduction under 80C in calculation of Taxable income for my wife?
CA PARAS BAFNA
(Expert)
17 November 2013
In case these are paid in cash or by cheque/ecs from your wife's bank account, she can claim deduction U/s 80C.
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