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(Querist)
21 August 2013 whether LIC penalty amount paid deductible...
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
22 August 2013 No.. only Premium amount will allowable for deduction. Penalty amount not an investment
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SIVASIVA

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SIVASIVA (Querist)
23 August 2013 thanks for your update... however, if the charge is interest for delay?
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