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Relaxation 80c individual & huf

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(Querist)
31 December 2015 The Anual primium of LIP (Rs. 3 lakh) is paid by me. in which relaxation of 1.5 lac i take in sec. 80C in our individual return. may i take remaining Rs. 1.5 lac relaxation in my HUF return. please guide me.
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Ankur Singhal

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Ankur Singhal (Expert)
31 December 2015 The person who pays the premium is allowed to take it as deduction,.
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Amol S Joglekar

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Amol S Joglekar (Expert)
31 December 2015 Who has paid the insurance out of sum chargeable to tax gets entitled for deduction.
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