dedeuction u/s 80c

[BANWARI LAL]

whether deduction of late fees paid on lic premium are allow as a deduction u/s 80c

AI Summary

Can Late Fees on LIC Premiums Be Deducted Under Section 80C of the Income Tax Act? A participant in a discussion forum inquired about the eligibility of deducting late fees paid on LIC premiums under Section 80C of the Income Tax Act. The question seeks clarification on whether such late fees can be considered for tax deduction purposes.