Deduction under section 80 c
This query is : Resolved
Rohan Sharma
(Querist)
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
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.
only Mr. X can claim the deduction of amount paid for premium of spouse.
Guest
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
Yogesh Agarwal
(Expert)
21 December 2011
Do agree with experts...
You should better do a planning before payment...
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.
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