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jijesh (Article Trainee) (76 Points)

19 January 2012  

Hi friends,

Kindly help me to solve this problem,

An assesse already utilised Rs. 1Lakh under 80C. Can his spouce utilize his excess LIC policy under 80C....?


 3 Replies

santhosh kumar (article student) (79 Points)
Replied 19 January 2012

For the same LIC premium spouse cannot claim the deduction.But arrangement should be made in such a way that the items falling under 80c deductions shall be shared by both of them.

U S Sharma (glidor@gmail.com) (21031 Points)
Replied 19 January 2012

80C decuctions are available on actual payment basis, 

if spouse has paid the LIC premiums of husband from her own bank account then she can claim it, otherwise not. 

santhosh kumar (article student) (79 Points)
Replied 21 January 2012

agree with sharma


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