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lnterest on lic premium

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(Querist)
17 November 2009 whether interest on lic premium deductible
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C.A.Amitabh Gupta

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C.A.Amitabh Gupta (Expert)
17 November 2009 No-Interest on LIC premium not deductible. only the premium amount is deductible

CA Amitabh Gupta
Indore
09893276187
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haridhayalan

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haridhayalan (Expert)
17 November 2009 only policy premium amount will be deducted. not others.
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G.Ramesh

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G.Ramesh (Expert)
17 November 2009 Yes..Agree with the above experts
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 November 2009 only premium allowed as deduction.

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