Lic premium

448 views
User Avatar

Account
35 Points Posted on 02 January 2014

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

 

0 Reply Share Follow
On 02 January 2014 at 13:28 Report
Replies (3)
User Avatar

Chartered Accountant
215 Points Posted on 02 January 2014

As long as LIC premium receipt is in the name of the assesee the mode of payment wont be an issue.

Reply
On 02 January 2014 at 13:55
User Avatar

ACCOUNTANT
767 Points Posted on 02 January 2014

I agree with Amrin

Reply
On 02 January 2014 at 14:15
User Avatar

Account
35 Points Posted on 02 January 2014

Thank you very much

Reply
On 02 January 2014 at 15:45

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Self assessment tax paid not reflected in ITR2 fil
  2. Tax on nps corpus
  3. Tired converting GSTR-1, 2B & 3B to Clean Exce
  4. TDS on under construction property not deducted
  5. GST on Fixed Assets
  6. GST ITC april 22
  7. GST PAYMENT REGARDING
  8. GST Consultation Required – June–Augus
  9. TDS Code for Salary Payment to Non-Resident Intern
  10. TDS on property

More recent discussions | Post

Related Topics :

Loading