Treatment for late fees
This query is : Resolved
10 July 2012
Dear Sir
Please Say me a propritor has paid LIC Premium of rs.100,000.00 and Late Fees rs.1500.00
100,000.00 have been debited to LIC Premium Ac and Please say what to do for Late Fees to Complete the Entry.
Please Say me a propritor has paid LIC Premium of rs.100,000.00 and Late Fees rs.1500.00
100,000.00 have been debited to LIC Premium Ac and Please say what to do for Late Fees to Complete the Entry.
CA Hardik Bunha
(Expert)
10 July 2012
no you have to debited rs. 101500/- but u/s 80C you can claim only Rs. 100000/-
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