Lic premium u/s 80c
This query is : Resolved
Jagan Mohan Misra
(Querist)
29 January 2013
LIC policy is in the name of Mr X.
Mrs X wants to take benefit of the premium paid by her on the above policy.
Premium receipt is in the name of Mr X.
Is it allowed U/S 80C?
Mrs X wants to take benefit of the premium paid by her on the above policy.
Premium receipt is in the name of Mr X.
Is it allowed U/S 80C?
ACS Gaurav Jain
(Expert)
29 January 2013
yes...............................
CA Prashant Gupta
(Expert)
29 January 2013
as per 80C. for lIC premium spouse can take benefit.
So Mrs X can take benefit of LIC premium which is in name of Mr. X.
But then Mr. X can't calim that. only one can claim that premium
So Mrs X can take benefit of LIC premium which is in name of Mr. X.
But then Mr. X can't calim that. only one can claim that premium
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