Section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2013
Dear Sir,
Supose an assessee has deposited the LIC premium of Rs. 25000/- in the name of his spouse. Whether he can claim the sum of insurance premium paid in cash in the name of his spouse and children u/s 80C?
Please advise me.
Supose an assessee has deposited the LIC premium of Rs. 25000/- in the name of his spouse. Whether he can claim the sum of insurance premium paid in cash in the name of his spouse and children u/s 80C?
Please advise me.
CA PARAS BAFNA
(Expert)
09 March 2013
Yes, the spouse paying the premium can claim deduction in own return.
.
Cash paid by husband for wife and children's policy can be claimed by him.
.
.
Cash paid by husband for wife and children's policy can be claimed by him.
.
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