Lic premium
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2011
Dear sir,
I Paid LIC Premium from my income last year & take benefit under 80C in income tax return.
Now i want to pay the same premium of the same lic from my wife's income.
Can she claim the amound as deduction under 80C while filing income tax return for the year?
thanking you
I Paid LIC Premium from my income last year & take benefit under 80C in income tax return.
Now i want to pay the same premium of the same lic from my wife's income.
Can she claim the amound as deduction under 80C while filing income tax return for the year?
thanking you
20 December 2011
Yes you can go ahead. Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction.
In this case since wife pays the amount from her account she can claim the same u/s 80C.
In this case since wife pays the amount from her account she can claim the same u/s 80C.
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