banner_ad

Lic premium u/s 80c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 January 2013 LIC policy is in the name of Mr X.
Mrs X wants to take benefit of the premium paid by her on the above policy.
Premium receipt is in the name of Mr X.
Is it allowed U/S 80C?
Profile Image

ACS Gaurav Jain

Profile Image

ACS Gaurav Jain (Expert)
29 January 2013 yes...............................
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
29 January 2013 as per 80C. for lIC premium spouse can take benefit.
So Mrs X can take benefit of LIC premium which is in name of Mr. X.
But then Mr. X can't calim that. only one can claim that premium
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details