ELSS - Invest on spouse name

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Guest

Guest (Querist)

03 March 2010 If i invest in ELSS scheme in my name, can my spouse claim the 80 C benefit in case i have not claimed it from my end?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 March 2010 No. Section 80C (4)(a),(b) and (c) do not permit to do so.

Guest

Guest (Querist)

03 March 2010 Dear Warrier, I saw this section 80C (4)(a)(b) and (C), it reads
(4) The persons referred to in sub-section (2) shall be the following, namely:
(a) for the purposes of clauses (i), (v), (x) and (xi) of that sub-section,
(i) in the case of an individual, the individual, the wife or husband and any child of such individual, and
(ii) in the case of a Hindu undivided family, any member thereof;
(b) for the purposes of clause (ii) of that sub-section, in the case of an individual, the individual, the wife or husband and any child of such individual;
(c) for the purposes of clause (xvii) of that sub-section, in the case of an individual, any two children of such individual.

I am not sure if this talks about ElSS. I assume the mention about ELSS is there in 80C(2) (Xiii)

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