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    sivaguru's Avatar
    sivaguru Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 3, 2007, 09:43 PM
    Regarding LIC
    Hi,
    I am working in a software company. For me my mother is beneficery & dependend.
    She is a house wife and my father is a farmer.Right now I am paying LIC Premium for my mother.I want to know is there any possibilities to add that amount in my investment plan
    To reduce the tax paid by me...
    Please let me know...

    Thanks & Regards,
    Sivaguru
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 4, 2007, 09:31 AM
    Not sure what LIC means.

    May affect my answer!
    licofindiahelp's Avatar
    licofindiahelp Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Feb 15, 2010, 08:55 PM

    NO your mother payment will not benefit in your tax rebate
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Feb 16, 2010, 05:13 AM
    Quote Originally Posted by sivaguru View Post
    Hi,
    I am working in a software company. for me my mother is beneficery & dependend.
    she is a house wife and my father is a farmer.Right now i am paying LIC Premium for my mother.i want to know is there any possibilities to add that amount in my investment plan
    to reduce the tax paid by me...
    please let me know............

    Thanks & Regards,
    Sivaguru
    If appears that your question is about India taxes. This forum is about the U.S. taxes.
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