80c

Tax planning 701 views 3 replies

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....?

 

Replies (3)

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.

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. 

agree with sharma

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details