Investment in the name of Wife U/s 80C
This query is : Resolved
17 March 2008
a man invest a sum of Rs. 20000/- in the name of his wife in "LIC Market Plus Plan". i want to ask that , Is he eligible for deduction of Rs. 20000/- U/s 80c in his Income Tax Return which was invested in his wife name.
17 March 2008
Whether the plan is covered u/s 80c. If the policy is ULIP then yes, otherwise no.
17 March 2008
yes, husband can claim deduction.
17 March 2008
yes
17 March 2008
YES HUSBAND CAN CLAIM DEDUCTION
18 March 2008
Yes Husband can claim deduction if wife is not claiming deduction in her return
18 March 2008
thanks to all of you
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