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dduction U/s 80 C

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(Querist)
24 November 2010 if the payment of LIC paid by assessees wife whether the assesse is eligible to take the deduction for the same.
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CA Navin Jain

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CA Navin Jain (Expert)
24 November 2010 YES ASSESSEE CAN CLAIM THE DEDUCTION
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CA. Aryendra

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CA. Aryendra (Expert)
24 November 2010 Agree with expert
But payment should be made by the assessee
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 November 2010 Deduction is available to the payee only.
So if wife paid the LIC premium the 80C deduction will be available to her only.

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