Sir/Madam,
If payment or Premium in respect of Life insurance policy is made through Husband's Bank account and total premium in F.Y is Rs.210000 so He can claim deduction upto 150000 in his return.
Then whether his wife can claim deduction of excess of 150000 i.e Rs.60000 premium in her ITR?
Menu
Deduction u/s 80C
Replies (2)
If that bank a/c is a joint account of husband and wife, in that case it may be claimed in her return. But if the husband is the single holder then she should not claim this deduction.
deduction under 80 c is only upto 150000
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
