we would like to your adviseon the following issue.wifes income is to be clubbed with husband's income as per IT provisions. Is it possible to deduct 80 c payments from wife's income and club the income after such deduction in husband's income? Further can the husband claim 80c deduction upto Rs one lac from the clubbed income.
23 July 2011
Dear author, There is no such provision that always wife's incomes clubbed in husbands income. If wife earn in his own capacity than it will not clubbed. But if it is clubbed than you can't clubbed it after 80C deduction. It will clubbed before it.
CAclubindia
