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80C

ravi (senior accountant) (507 Points)

24 July 2011

my deduction u/s 80C is exceeding 1lakh can my wife claim the balance. (ex: my investment in shares/mutual funds/LIC) are Rs.150000/- can my wife claim balance Rs.50000 pls suggest u/s.80C

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8 Replies

vishnupriya (CA Final) (1418 Points)
Replied 24 July 2011

If that balance investments worth Rs.50000 are in the name of your wife, then she can claim.

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 24 July 2011

Originally posted by : Vishnupriya
	If that balance investments worth Rs. 50000 are in the name of your wife, then she can claim.

Aparna Raja K.C (Student) (520 Points)
Replied 24 July 2011

As said.. if it is in name of ur wife... then she can..

else its not acceptable :)

Gourav Kapoor (CA Final Student) (2977 Points)
Replied 24 July 2011

CLick here to get solution of your query !

sachin r phope (accountant) (23 Points)
Replied 25 July 2011

IS IT POSSIBLE TO OPEN SPOUS' BANK ACCOUNT ON THE BASIS OF HUSBAND'S PAN CARD, OR IT IS NECESSAEY TO SUBMIT HER PAN

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vishnupriya (CA Final) (1418 Points)
Replied 25 July 2011

No, you have to submit your spouse's PAN to open Bank A/c on her name. The submission of PAN to Bank A/c is for various purposes like monitoring Bank transactions of an Individual, deducting TDS etc..

sachin r phope (accountant) (23 Points)
Replied 25 July 2011

can we issue a C-form for a invoice bearing date 30/06/11 in the second or third quarter after entering the same in our books in second or third quarter

sachin r phope (accountant) (23 Points)
Replied 27 July 2011

Originally posted by : sachin r phope
	can we issue a C-form for a invoice bearing date 30/06/11 in the second or third quarter after entering the same in our books in second or third quarter