Lic premium paid from wife bank account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2015
Can husband claim the benefit of lic premium paid from his wife bank account.
15 August 2015
No, Person who paid premium can only get benefit. So If premium paid by wife than benefit cannot be claim by Husband
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2015
THANKS DEEPA,
BUT HUSBAND IS ALSO TRANSFERRING FUNDS TO HIS WIFE ACCOUNT FROM HIS BANK ACCOUNT.THEN CAN'T HE CLAIM THE PREMIUM AGAINST THAT TRANSFER.
BUT HUSBAND IS ALSO TRANSFERRING FUNDS TO HIS WIFE ACCOUNT FROM HIS BANK ACCOUNT.THEN CAN'T HE CLAIM THE PREMIUM AGAINST THAT TRANSFER.
18 August 2015
Yes,if wife pays the amount of premium as loan and husbnad pay as loan repayment than he can claim LIC premium. https://www.caclubindia.com/experts/lip-payment-deduction-u-s-80c-of-i-t-act-605770.asp
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