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Exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2012 If husband is paying the lic premium of his wife, Whether this can be submitted for tax exemption. If yes under which section ? Please provide references also
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CA Vibhash Kumar Sah

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CA Vibhash Kumar Sah (Expert)
26 April 2012 Deduction under Section 80C can be claimed subject to the overall limit of Rs.1 Lac.

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