Intt on lic prem
This query is : Resolved
25 December 2014
hlo friends, whether intt on late payment of lic is deductible u/s 80c.
CA PARAS BAFNA
(Expert)
25 December 2014
Interest is paid to keep in force the insurance and hence it is deductible U/s 80C.
Rupesh Jain
(Expert)
26 December 2014
no, it is not the premium against the policy renewal premium. intt is penalty for no deposit of premium on or before due date.
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