Reg deduction under section 80c
This query is : Resolved
14 May 2013
Hi
If my wife pays LIC premium for the policy which is registered in my name from her bank account. Will she able to claim deduction in her return. The receipt for the payment of the same will be in my name only as policy is in my name.
If my wife pays LIC premium for the policy which is registered in my name from her bank account. Will she able to claim deduction in her return. The receipt for the payment of the same will be in my name only as policy is in my name.
14 May 2013
Yes she will get the deduction u/s 80C.
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