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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
