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If i invest in lic of india in my sisters name and brothers name, will I get the income tax emption.?


If i invest in lic of india in my sisters name and brothers name, will I get the income tax emption.?

no ,for more detail read the following

http://simpletaxindia.blogspot.com/2008/...

No, You can't get any tax benefit on paying the premium for your siblings. You can get the tax benefit for paying on your name, your spouse and children only.

good luck
pnkmurthy@yahoo.com
http://www.geocities.com/pnkmurthy/lic.h...

no sir, u dont get the expemption for paying for brother , sister. only for u, ur wife, parents,children, even married duaghters. but not for brothers,sisters

Hi, No you wont get any tax exemption. http://www.investorcamp.blogspot.com

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