Regarding 80c
Deep Garg (Accountant) (259 Points)
29 March 2017Deep Garg (Accountant) (259 Points)
29 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 29 March 2017
Only basic premium, ie 1 lakh
Vinaya Kumara K H
(Accounts Executive)
(259 Points)
Replied 29 March 2017
Penalty fee for late payment can not be considered as premium.
CA Neha Agrawal
(CA)
(825 Points)
Replied 29 March 2017
Only premiuim amount is deductible u/s 80C. Late payment penalty is not deductible.
Rohan Bagra
(406 Points)
Replied 30 March 2017
ONLY THE BASIC PREMIUM AMOUNT IS DEDICTIBLE I.E. RS. 100000
PENALTIES ARE NOT BEING ALLOWED FOR DEDUCTION
varsha naik
(Chartered Accountant)
(303 Points)
Replied 30 March 2017
-Only premium deductible
-Do not include penalty
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