can wife claim the deduction u/s 80c for the premium of lic paid by husband through his saving bank account.
Audit Executive (taxation) (186 Points)
16 May 2013can wife claim the deduction u/s 80c for the premium of lic paid by husband through his saving bank account.
AMIT KUMAR JAIN
(CA)
(94 Points)
Replied 16 May 2013
Yes. But after payment by Husband, show the amount as Due from Husband in the Wife's Statement of Affairs
OR
alternatively, make the payment in cash to Husband (if No on other transactions exists between Wife and Husband's Account).
Audit Executive
(taxation)
(186 Points)
Replied 16 May 2013
| Originally posted by : Babita Kwatra | ||
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can wife claim the deduction u/s 80c for the premium of lic paid by husband through his saving bank account. |
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it is premium of husband policy
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