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Deduction under section 80 c

This query is : Resolved 

21 December 2011 Mr X has paid Rs 100000 for Life insurance premium for himself & also paid Rs 50000 for his spouse Life premium policy.
Mr X has claim full Rs 100000 in section 80.
so spouse of MR X can claim deduction of Rs 50000 in Section 80 C with out paying

please reply urgently

21 December 2011 No She can not claim the deduction as the amount was not paid from her account.

21 December 2011 Completely agree with expert.

only Mr. X can claim the deduction of amount paid for premium of spouse.

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Guest (Expert)
21 December 2011 Only the person who is paying the amount can claim deduction either for LIC of self, spouse and children u/s 80C

21 December 2011 Do agree with experts...

You should better do a planning before payment...

21 December 2011 you can do one thing just transfer the same amount from wife's bank account to husband' bank account than wife can claim it.

22 December 2011 Practical suggestion from Abhishek.


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