My client has LIC Policy in his name up to 31.03.2009 he has paid the premium and claimed deduction u/s 80C. During this year he has resigned from job. His wife is salaried employee. If his wife cotinues to pay the premium of his husband can she clsim the deduction U/s 80C from 2010-2011 Asst Year. My question is whether one can claim deduction for one year & another for another year depending up on payment made made
18 December 2009
I think If one Investment is only use for One person So it may be Claimable. I also think wherever two of one having Dedction of 80C on above limit,at that time nextone can take extra 80C amount for deduction.
CAclubindia
