Income Tax deduction u/s 80 C

This query is : Resolved

MURALIDHARAN NAIR (Querist)
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09 December 2009 Dear Sir

If husband and wife are salaried employees, whether it is possible to claim the same payments made towards LIC, PPF, Children education fee etc as deductions u/s 80 C by both husband and wife in their individual returns.

Regards
Muralidharan

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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09 December 2009 80C deduction will be available to only that person who pays it.

You cannot claim for two times. Do you think; it is logical to claim two times the same payment ?

CA Surendra Rakhecha
Surat

Ram Avtar Singh

Ram Avtar Singh (Expert)
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09 December 2009 you can claim in seperet but actual. not more than actual.

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MURALIDHARAN NAIR

MURALIDHARAN NAIR (Querist)
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10 December 2009 Dear Mr.Avtar Singh

Are you explain in detail sir

CA. Bikash Bogi

CA. Bikash Bogi (Expert)
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11 December 2009 You can claim it in the both the returns ....bt the overall calim should not exceed actual amount.....

say total deposit in PPF is Rs.50000 then in aggregate both husband and wife can not claim more than 50000 for PPF account