80C insurance policy

04 July 2022

can a wife claim the deduction of an LIC premium paid by a husband ?

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 04 July 2022

Yes she can

2 Like

CA Puja Sharma (Chartered Accountant) (4972 Points)
Replied 04 July 2022

The premium can be claimed by the wife.

2 Like

rama krishnan (12234 Points)
Replied 04 July 2022

Only the proposer of an policy can claim

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 04 July 2022

Person who pay policy can claim deduction of same

1 Like

rama krishnan (12234 Points)
Replied 04 July 2022

@ rashmi ma'am, if I make payments for your policy, whether I'll be eligible to claim 80C on such payments

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 10 July 2022

No you can't but for your wife you are eligible

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