Can I recieve Tax benefit by paying premium for insurance of my Niece/Nephew ?

POSTED BY medico9864 ON January 11, 2014 8:46 am ONE COMMENT

Hi,

My Sister and her daughter stays with me .I take care of their day to day expenses .I have bought a policy for the child for her education.Will i save tax on the premium paid for the policy

One reply on this article “Can I recieve Tax benefit by paying premium for insurance of my Niece/Nephew ?”

  1. ashalanshu says:

    Dear Medico, the plain answer is NO. You can not save tax on this policy for your niece/nephew.

    Thanks

    Ashal

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