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,
Trinadharao Adigarla
(Expert)
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
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