lic deductions
This query is : Resolved
11 October 2008
payment of lip has been made from the bank of assesse, but the policy was in name of his wife, so can we calim this lip as deduction in her wife. Actually payment was made from the assesse's account, so is payment condition necessary for claiming the deduction.
11 October 2008
Yes, deduction is allowable
11 October 2008
Self, Spouse, Child
11 October 2008
payment made towards policies in the name of self , child and spouse is acceptable for deduction
12 October 2008
yes its allowed provided you have made the p;ayment towards Self, Spouse, Child
14 October 2008
I think the query is:- Wife's LIP has been paid by Husband. Whether wife can claim deduction u/s. 80C?
If this is the question, reply seems to be in NO, unless and otherwise it can be established thatwife has reimbursed/ repaid the amount to the Husband in same year.
If this is the question, reply seems to be in NO, unless and otherwise it can be established thatwife has reimbursed/ repaid the amount to the Husband in same year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
