Lic premium 80c exemptions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2016
Hi,
My client has an evidence that he paid insurance premium but on the header of the receipt of payment it is written as " Renewal Premium receipt "(late fee also charged) can this be claimed as an exemption under 80C of Income Tax Act, because all other clients have the header named " LIC Premium Receipt ".
My client has an evidence that he paid insurance premium but on the header of the receipt of payment it is written as " Renewal Premium receipt "(late fee also charged) can this be claimed as an exemption under 80C of Income Tax Act, because all other clients have the header named " LIC Premium Receipt ".
14 March 2016
1)Only premium paid to LIC was eligible for exemption u/s 80C
2)Latefee or servicetax paid if any is not eligible to claim exemption 80C
2)Latefee or servicetax paid if any is not eligible to claim exemption 80C
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