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Deduction under section 80 C

This query is : Resolved 
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(Querist)
26 July 2008 hai
my client invests in LIC Mutual Fund for Rs. 100000/- in the name of his spouse
can the clent claim it for filing his Return of Income
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
26 July 2008 yes but payment's are made from his a/c
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
26 July 2008 yes
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
26 July 2008 Yes, the idividual can invest in the ULIP of LIC M/F as the same is a notified by the central Govt. Also, refer to sub section 2(xi) and 4 of section 80C
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visu iyer

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visu iyer (Expert)
26 July 2008 What is the status of the investor's wife..!!
If she is dependent, then assessee can claim, u/s 80C.
But in both account it can't be claimed..

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