27 July 2012
Dear Sir, Please tell me about filling of I.T. Return. Our one employee want to file I.T. Return. He Gave me his investment details. We are issue to form 16 (F.Y.11-12) but problem is employee investment is 21500 & additional investment is 6124/- in lic policy shown in his wife name he paid premium in cash. So can he take additional investment benefit in his I.T. Return & We are shown his investment in form-16 is 24542/- so please tell me.
27 July 2012
he can claim the entire investments in lic subject to condition that his wife was purely dependent on him and it should be paid through cheque.
CAclubindia
