LIC premium paid for his wife from husband's bank a/c cheque

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2010 If Mr.A paid LIC premium for his wife Mrs.B by his bank account cheque. than who can claim the Income tax rebate u/s 80C. Mr.A's income is taxable (More than 160000/-) and Mrs.B's income is not taxable (Less than 18000)

CA Navin Jain

CA Navin Jain (Expert)
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26 September 2010 MRS. B

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 September 2010 Mr. A also can claim the sec.80 C, Becasue section allowed deduction for preimum paid for Spouse and children

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CA Navin Jain

CA Navin Jain (Expert)
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26 September 2010 BUT Mr. A HAS NOT PROVE FOR THAT

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2010 @ CA Navin Jain

sir i think mr.Ramesh is right. u r asking about which prove. Mr.A has paid the premium from his own a/c by cheque.