Deduction of 80c
This query is : Resolved
14 June 2012
sir /madam
i am an assesse so i take deduction 80 c (lic)of me & my childern in ay 2010-2011.
my wife too an assesee so she take deduction 80 c (lic) on her life in ay 2010-2011
sir can my wife take dudction 80c (lic) me & her some part (80000/- of me prem & 45000/- fe prem) in ay 2011-2012
in ay 2011-2012 i & my wife assesee
is this rule that which is more income deduction his income of lic 80c
i am an assesse so i take deduction 80 c (lic)of me & my childern in ay 2010-2011.
my wife too an assesee so she take deduction 80 c (lic) on her life in ay 2010-2011
sir can my wife take dudction 80c (lic) me & her some part (80000/- of me prem & 45000/- fe prem) in ay 2011-2012
in ay 2011-2012 i & my wife assesee
is this rule that which is more income deduction his income of lic 80c
14 June 2012
Normally deduction is allowed to the person who makes the payment.
However, as tax management you can claim deduction in the return of the person which is more beneficial.
However, as tax management you can claim deduction in the return of the person which is more beneficial.
14 June 2012
agree, claim it for whom you can get more benefit rather than other
you can also planning for payment in advance instead of while filing return
you can also planning for payment in advance instead of while filing return
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