April 2, 2014 10:40 pm
suppose my father has one lic policy and i am paying premium through my credit card then he can show this premium under 1L rebate? what he has to do for it? please reply
Dear Tarun, for the given situation, your father can not claim tax benefit.
Dear Tarun, the prem. should be paid by him from his own funds to be able to claim tax benefit.
Money that you are paying is earned by you or your father ??
i have earned that. i pay my credit card bill from my salary account. so in this case what should be the scenario?
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