26 July 2014
if an assessee made following investment :- 1. PF Deducted by his employer 116000 2. Lic Premium paid 40000 for his own policy 3. Rs. 50000 Deposited in his PPF a/c by his own saving bank a/c cheque
than can his wife take deduction u/s 80C for the f.y. 2013-14 plz suggest
26 July 2014
No. Deduction u/s 80C can not be claimed by assessee's wife in the given case. Had the LIC premium been paid by his wife from her account tgen she could have claimed 80C deduction only for LIC premium.
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