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Deduction under section 80 c

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(Querist)
21 December 2011 Mr X has paid Rs 100000 for Life insurance premium for himself & also paid Rs 50000 for his spouse Life premium policy.
Mr X has claim full Rs 100000 in section 80.
so spouse of MR X can claim deduction of Rs 50000 in Section 80 C with out paying

please reply urgently
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 December 2011 No She can not claim the deduction as the amount was not paid from her account.
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
21 December 2011 Completely agree with expert.

only Mr. X can claim the deduction of amount paid for premium of spouse.
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Guest

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Guest (Expert)
21 December 2011 Only the person who is paying the amount can claim deduction either for LIC of self, spouse and children u/s 80C
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
21 December 2011 Do agree with experts...

You should better do a planning before payment...
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
21 December 2011 you can do one thing just transfer the same amount from wife's bank account to husband' bank account than wife can claim it.
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anurag

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anurag (Expert)
22 December 2011 Practical suggestion from Abhishek.

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