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Intt on lic prem

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(Querist)
25 December 2014 hlo friends, whether intt on late payment of lic is deductible u/s 80c.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 December 2014 Interest is paid to keep in force the insurance and hence it is deductible U/s 80C.
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Rupesh Jain

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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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