U/s 80 c

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Querist : Anonymous (Querist)
23 February 2015 I AM SALARIED PERSON. CAN I TAKE UNDER 80C MY WIFE'S LIFE INSURANCE POLICY? IN MY RETURN?


23 February 2015 Yes it can be taken for wife and children.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2015 when it can be possible means HUF or Individual?

23 February 2015 Benefit is available to individual assessee and Hindu Undivided Family assessee.
In case of individual assessee - himself/herself, spouse, children of such individual
In case of HUF assessee - any member of HUF.

24 February 2015 yes husband taek benefit on wife insurance premium.
and huf can take benfit on the huf memeber life insuarance premium.


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