any person can claim the deduction of LIC premium of his wife paid by him,
whether his wife is also income tax assesee and working in another company?
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Exemption under 80c
Replies (13)
you can claim ,and they neednot be dependant as per my reading of provsions of 80c
A person who paid LIC premium in the name of his / her spouse or children from his income can claim such amounts also. Payment of premium from his/her earnings / income is more important.
Agree with Sirisha
yes you can calim
A person who paid LIC premium in the name of his / her spouse or children from his income can claim such amounts also.
but sir his wife is also a earing person, so she has to pay her premium from his earning, here his husband is paying
one of my debtor party is in Singapore & m importer of goods from china so i hv one creditor in china so plz suggest me that it is possible for me to tell Singapore party to pay directly to china without any transaction in India
plz suggest me soon its urgent
yes u can ..
agreed to Sirisha. it is useful...
First of all ...... 80C related to Deduction on Taxable Income not a exemption.......!!!!
1. He can claim 80C for Paying LIC on his wife's Name.
and his wife can not claim 80C for the amount claimed by him during that Year......!!
I am online share trader. If At the end of year i suffer net loss then should i pay income-tax for those share which makes me profit.
| Originally posted by : Sirisha | ||
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A person who paid LIC premium in the name of his / her spouse or children from his income can claim such amounts also. Payment of premium from his/her earnings / income is more important. |
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Agree
Yes, I agreed to Sirisha.................
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