Lic deduction
This query is : Resolved
26 October 2013
husband has a lic policy in his name and he paid rs 2lakh premium....can wife cliam 1lakh out of it....both are assessee under it act...
26 October 2013
NO only the assessee - here it is husband who have paid from his gross total income can claim and not wife under existing income tax act.
26 October 2013
policy should be in the name of assesse
.
.
to take deduction under 80C
.
.
to take deduction under 80C
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