URGENT QUERY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2010
Can an assessee take the benefit of payment for LIC premium and tuition fee u/s 80C if this premium and tuition fee amt were paid out of his wife bank account.
08 July 2010
Yes he can take
08 July 2010
Paid out of Wife's Account does not change the Policy Holders name nor the Tution Fee Bill.
Condition is paid through A/c Payee cheque.
Satisfied ,Fine.
Condition is paid through A/c Payee cheque.
Satisfied ,Fine.
08 July 2010
The deduction u/s 80C can be avail on payment basis. Person who has made the payment is eligible for deduction. But now in your case you can take the benefit of such deduction. But for this you need to show as such payment is then done by husband to wife by cash or chq.
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