Lic
This query is : Resolved
14 March 2012
I have surrendered my LIC policy after completion of 03 years and the amount i.e 41,258.00 is credited in my bank a/c
please let me know is it taxable income ? if exempt from tax please let me know which u/s ?
please let me know is it taxable income ? if exempt from tax please let me know which u/s ?
Guest
Guest
(Expert)
14 March 2012
The above income is exempt u/s 10 (10) (D).
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