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LIP deduction u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2010 LIP premium receipt is on name of husband for LIC's Jeevan saathi poicy and paid by husband only.
So can wife claim deduction u/s 80 c against her income by producing that premium receipt?

02 March 2010 No. Wife cannot claim deduction u/s80C against her income. Deduction u/s80C will be available to Husband against his income as he has paid the the premium amount.


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02 March 2010 AGREE



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