POSTED BY May 30, 2013 3:19 pm COMMENTS (13)ON
I have exhaust my 80c, thus my wife makes cheque payment to lic for the policies on my name. so that she can claim at the end for tax saving purpose. I am told this is the only right way to do it. Let wife pay to lic by cheque & get receipt, even through receipt is on my name she can claim it as deduction is done from her bank account.
Is there a possibility for her to claim under 80c even though I have made payment ? ofcourse I’ll not be claiming same. I just want to get rid of cheque payments by wife, instead I’ll pay online as usual.