Deduction u/s 80c (life insurance paid)

Learned Members

I am having a Question regarding Section 80C, If both Husband and Wife are working and employed in different organisations, husband paid Life Insurance Premium of Rs. 20000/- for the life of his spouse.
Can both husband and wife claim seperate deduction of Rs.20000/- u/s 80C ?

and what are the implications of same in respect to DDO, should DDO entertain this deduction and get the self-declaration in this respect from the employee, if Yes, is there any Circular or Notification regarding it ?

 

Thaks in anticipation

Nirmal Singh

Replies (1)

No

only the husband will get the deduction since the same has been paid by him.

 

for more queries : https://knowyourtaxation.blogspot.in/

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