Hi,
I have a querry regarding LIC Premium, if I pay my premium by someones elses credit card and then pay him by cheque. Will I get the tax benefit for the same?
Thanks in advance
Hi,
I have a querry regarding LIC Premium, if I pay my premium by someones elses credit card and then pay him by cheque. Will I get the tax benefit for the same?
Thanks in advance
As long as LIC premium receipt is in the name of the assesee the mode of payment wont be an issue.
I agree with Amrin
Thank you very much
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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