URGENT QUERY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2010
Can an assessee take the benefit of payment for LIC premium and tuition fee u/s 80C if this premium and tuition fee amt were paid out of his wife bank account.
08 July 2010
Yes he can take
08 July 2010
Paid out of Wife's Account does not change the Policy Holders name nor the Tution Fee Bill.
Condition is paid through A/c Payee cheque.
Satisfied ,Fine.
Condition is paid through A/c Payee cheque.
Satisfied ,Fine.
08 July 2010
The deduction u/s 80C can be avail on payment basis. Person who has made the payment is eligible for deduction. But now in your case you can take the benefit of such deduction. But for this you need to show as such payment is then done by husband to wife by cash or chq.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- UDIN ISSUE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
