If i invest in an ELSS with my wife as a joint holder, who would be eligible for the income tax benefit u/s 80 C ?
2006-06-25 02:20:07 · 3 answers · asked by Baldie_1969 1 in Business & Finance ➔ Investing
The primary holder will be eligible to claim 80 C benefit.
2006-06-25 04:50:06 · answer #1 · answered by The Guru® 5 · 2⤊ 0⤋
Well the answer is very simple. The one who is actually investing. If both you are investing equally, then you will get equal deduction. If you are investing 75% out of your funds and rest by your spouse out of her funds, then you guys will get respective %age of deduction.
CA. Deepak Bholusaria
2006-06-29 09:33:58 · answer #2 · answered by DeepakB 3 · 0⤊ 0⤋
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2006-07-01 16:05:28 · answer #3 · answered by Abhi 2 · 0⤊ 1⤋