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LIC payment

himanshu (article assistant) (56 Points)

03 August 2017

lic in the name of husband but paid by wife.. who can claim the deduction ?

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8 Replies

RAJA P M ("Do the Right Thing...!!!") (127786 Points)
Replied 03 August 2017

In case the husband claim the deductions then wife can't get that paid amount.
If the husband can't claim the amount then wife can claim the Lic deduction.....

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Poltu Ghosh (Job) (1865 Points)
Replied 03 August 2017

Person who pays the amount will get the deduction. Since your wife has paid the premium she is entitled to claim the deduction.

RAJA P M ("Do the Right Thing...!!!") (127786 Points)
Replied 03 August 2017

No... First priority to name of the bond holder......

himanshu (article assistant) (56 Points)
Replied 03 August 2017

one person is saying wife other is saying husband.. still unanswered.. is there anyone else who can solve this mistery ?

Sai Sk (7 Points)
Replied 04 August 2017

no mistery
obviously wife can claim deduction

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RAJA P M ("Do the Right Thing...!!!") (127786 Points)
Replied 04 August 2017

Okay Enjoy......
The benefits ll be enjoy husband and Wife or Wife or husband.....
If paid Rs. 1. Then Wife claim Rs. 1 and Husband claim Rs. 1 ...........