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?
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
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