Lic

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2017 SIR,

I AM PAYING LIC PREMIUM TO MY WIFE IN MY SALARY INCOME .SO MY QUESTION IS CAN I CLAIM LIC DEDUCTION IN MY INCOME TAX RETURN FOR THE YEAR 2016-2017.

KINDLY HELP.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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22 July 2017 Paying life insurance premium for spouse is deductible in the assessee's income. You may claim

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2017 ThankU very much sir

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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2017 Dear sir
One of my client rec amount from Australia. So it is taxable or not. If taxable the how much? Amount rec-235000..reply please sir

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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23 July 2017 What is the nature of the money received? For what purpose?