Exemption of investment
This query is : Resolved
SIDDAROODHA HIREMATH
(Querist)
27 August 2010
%RESPECTED SIR...
THE HUSBAND & WIFE BOTH HAS A PAN NO & BOTH ARE FILLING THE IT RETURNS IN THEIR OWN CAPACITY..
THE HUSBAND HAS INCOME NEAR ABOUT 5,00,000/ &HE MADE INVESTMENT ABOUT 50,000/-IN (80C DEDN). WIFE HAS A INCOME ABOUT 1,50,000/- & INVESTED ABOUT 35,000/-IN (80C DEDN)
SO MY QUERY IS THAT INVESTMENT MADE BY WIFE CAN BE CONSIDERED IN HUSBAND INVESTMENT WHILE CALCULATING THE INCOME TAX.(BECAUSE WIFE HAS INCOME WHICH IS BELOW TAXABLE LIMIT.& SHE IS NOT CLAIMING THE INVESTMENT..)& THE AMOUNTS ARE PAID HUSBAND & WIFE ACCOUNT SEPARATELY..
IF YES UNDER WHICH SECTION ?
TAHNKING YOU...
THE HUSBAND & WIFE BOTH HAS A PAN NO & BOTH ARE FILLING THE IT RETURNS IN THEIR OWN CAPACITY..
THE HUSBAND HAS INCOME NEAR ABOUT 5,00,000/ &HE MADE INVESTMENT ABOUT 50,000/-IN (80C DEDN). WIFE HAS A INCOME ABOUT 1,50,000/- & INVESTED ABOUT 35,000/-IN (80C DEDN)
SO MY QUERY IS THAT INVESTMENT MADE BY WIFE CAN BE CONSIDERED IN HUSBAND INVESTMENT WHILE CALCULATING THE INCOME TAX.(BECAUSE WIFE HAS INCOME WHICH IS BELOW TAXABLE LIMIT.& SHE IS NOT CLAIMING THE INVESTMENT..)& THE AMOUNTS ARE PAID HUSBAND & WIFE ACCOUNT SEPARATELY..
IF YES UNDER WHICH SECTION ?
TAHNKING YOU...
27 August 2010
yES, YOU CAN CONSIDER IT IN HUSBAND EXEMPTION ONLY IF IT IS PAID THROUGH HUSBAND ACCOUNT.
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