A policy is running in my wife's name and premium is deducted(ecs mode) from joint a/c in which I am the first holder . Who will get tax benefit, me or my wife, pls clarify.
Since its joint A/c technically both of them can claim deduction since it is joint A/c, the person claiming deduction has to prove by book entry or banking transaction that fund has contributed by them when asked by IT Dept.
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