Lic primium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2013 Dear Sir,

Pl. Sole my some confusion

1) Husband Paid Lic Premium behalf of Wife (Housewife) Policy, so can Husband Claim under 80 C.

2)Husband Paid LIC Premium for his child (minor) , So Can husband Claim Under 80.C

CA Vikas Acharya

CA Vikas Acharya (Expert)
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19 April 2013 yes he can.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2013 Thanks A lot

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Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2013 as per law of income tax 80G Donation , My friend donate every month 1500.00 (1500x12=18000) in temple , temple register under donation act..
but i just conform to you can he claim total amount in income tax or 50%

CA Vikas Acharya

CA Vikas Acharya (Expert)
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19 April 2013 50% only. i.e, 9000

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Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2013 if my company Gross profit high as per calculation of Last year (approx 2.07%) so any declaration submit to income tax or not

CA Vikas Acharya

CA Vikas Acharya (Expert)
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19 April 2013 not required until they ask

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Querist : Anonymous