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Deduction under 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2013 My wife and I, both work.

Is it possible to consider my LIC policy for deduction under 80C in calculation of Taxable income for my wife?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 November 2013 In case these are paid in cash or by cheque/ecs from your wife's bank account, she can claim deduction U/s 80C.

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