POSTED BY February 6, 2015 9:44 am ONE COMMENTON
Can someone please help me in understanding the below case-
Say, I have paid a premium of Rs.10,000 from my bank account for a health Insurance, which qualifies as deduction under 80D. This insurance covers me and my wife.
My wife then transfers Rs. 5000 to my account using net banking.
Can both of us then claim a deduction of Rs. 5000 under 80D during filing our individual IT returns?? (There is only one receipt issued in my name )
Looking forward to here the experts’ opinion on this