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Income tax on Claim of Term Insurance

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(Querist)
02 April 2020 What will be the income tax liability for the amount recd. by the claimant of a term insurance in case of death of the insured person?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 April 2020 In case of death of insured , generally, there is no tax liability on the claimant.

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