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LIP deduction u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2010 LIP premium receipt is on name of husband for LIC's Jeevan saathi poicy and paid by husband only.
So can wife claim deduction u/s 80 c against her income by producing that premium receipt?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 March 2010 No. Wife cannot claim deduction u/s80C against her income. Deduction u/s80C will be available to Husband against his income as he has paid the the premium amount.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 March 2010 agree
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Guest

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Guest (Expert)
02 March 2010 AGREE
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 March 2010 agree

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