Can i make a LIC payment through my Credit card on behalf of my brother?
and who can avail the benifit of tax deduction?
Parmod Rawat (B.COM,MBA,CWA Inter) (401 Points)
26 November 2012Can i make a LIC payment through my Credit card on behalf of my brother?
and who can avail the benifit of tax deduction?
madarapu.sai shravan kumar
(Student CA IPC / IPCC)
(57 Points)
Replied 26 November 2012
mr pramod, as per my knowledge lic can be paid on behalf of ur brother but tax deducation is not avaliable to u he avails the benfit of tax deducation