80 c deduction ?

Tax planning 648 views 8 replies

Dear sir, Madam ,

 

Under sec. 80 c deductIion will claim women take from husband lic policy..........

 

 

ADVANCE THANKS.....................

Replies (8)

Yes she can claim 80C dedcution on husband's policy as well.........

thanks 

80C deduction is available to actual payee for payment of LIC premia for self/ spouse/ children

upto max of rs.100000, for self/spouse/children

yes as per sec 80C an idividual can take policy in name of self/spouse/children

absolutely NO

u/s 80c u will find that IT SHOULD BE PAID OUT OF MONEY CHARGEABLE TO TAX.

husband could claim but not women.

Hardik:

she can clim deduction, thats for sure...............

agreed with Sharma Ji......
 

Originally posted by : hardik bunha

absolutely NO

u/s 80c u will find that IT SHOULD BE PAID OUT OF MONEY CHARGEABLE TO TAX.

husband could claim but not women.

if women has taxable income, and paid the LIC premium of her husband, then she is very much eligible to claim the same u/s 80C while filing her returns.


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