Late fee of lic eligible u/s 80c or not
This query is : Resolved
01 January 2013
sir,
IF LIC PREMIUM PAID WITH LATE FEE / INTEREST
THAT LATE FEE ALSO COMES EXEMPTION OR NOT
ADVANCE THANKS SIR,
IF LIC PREMIUM PAID WITH LATE FEE / INTEREST
THAT LATE FEE ALSO COMES EXEMPTION OR NOT
ADVANCE THANKS SIR,
01 January 2013
only main premium
02 January 2013
Hi
Late fee payment is not deductible since it is penalty & not an Investment.
Thanks!!
Late fee payment is not deductible since it is penalty & not an Investment.
Thanks!!
02 January 2013
Deduction is available under Section 80C with respect to premium paid towards life insurance policy. Hence no deduction is available for any late-fee charges paid.
02 January 2013
Mr Srinivas
NO late fee and/or interest on delayed payment is never allowed. Even such type of expenses are not being treated as business expenses.
contact@vkbajaj.co.in
NO late fee and/or interest on delayed payment is never allowed. Even such type of expenses are not being treated as business expenses.
contact@vkbajaj.co.in
17 January 2013
Yes I agree with all the experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
