26 July 2008
hai my client invests in LIC Mutual Fund for Rs. 100000/- in the name of his spouse can the clent claim it for filing his Return of Income
26 July 2008
Yes, the idividual can invest in the ULIP of LIC M/F as the same is a notified by the central Govt. Also, refer to sub section 2(xi) and 4 of section 80C
26 July 2008
What is the status of the investor's wife..!! If she is dependent, then assessee can claim, u/s 80C. But in both account it can't be claimed..
Friends when making querry be clear with full information to spot the right answer