Tax deduction
This query is : Resolved
13 April 2015
One doubt about 80c deduction.Mr.x is an assessee.He paid LIC premium on his wife and his wife also paid LIC
premium on X then Can Mr.x claim both asbdeduction under 80C?
If not, can we treat his wife contribution to premium as LOAN to him and now can we ask for
deduction ?
One doubt about 80c deduction.Mr.x is an assessee.He paid LIC premium on his wife and his wife also paid LIC
premium on X then Can Mr.x claim both asbdeduction under 80C?
If not, can we treat his wife contribution to premium as LOAN to him and now can we ask for
deduction ?
CA. Kuldeep Singhi
(Expert)
13 April 2015
Yes venky second one can be done
Rupesh Jain
(Expert)
14 April 2015
husband can take both premium deduction.
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