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Is Late fee and service tax thereon LIC Premium is elgible
for deduction u/s 80C ?

Answers were Sorted based on User's Feedback



Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ?..

Answer / viswa

Only the premium amount and service tax on that only
eligible for 80C deduction. Late fee its a penalty which a
mistake is done by u, not eligible for deduction

Is This Answer Correct ?    43 Yes 1 No

Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ?..

Answer / akash gurao

late fee not eligible for deduction u/s 80C but service tax
on lic premium is eligible for deduction

Is This Answer Correct ?    47 Yes 9 No

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