I am paying LIP to my daughter Rs 12500 per annum since 5
years. last year she got married. Pl advice me whether I
can add her LIP payment to my savings to get Tax benifit



I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl adv..

Answer / ankit jain

no, since she is now married daughter, you cannot claim LIP
as deductionunder Chap VIA of Income-tax act

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