Life insurance
This query is : Resolved
09 December 2012
Dear sir,
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.
Regards,
Aman
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.
Regards,
Aman
09 December 2012
Hi
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.
Thanks//Vaibhav
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.
Thanks//Vaibhav
09 December 2012
Both Way is available.....
Either you or your wife can take deduction under 80c......
Either you or your wife can take deduction under 80c......
09 December 2012
Sir,
since i m employed and have to submit proofs what documents will be attached.
since i m employed and have to submit proofs what documents will be attached.
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