Easy Office
LCI Learning

lic policy

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 October 2009 My question is that:

1. if any individual recived any amount by the way of maturity of LIC policy what should be the treatment?
a) is it taxable?
b) or it is going to be expempt income?


2. what should be the TDS rates for Nov. 09 exams. is it new one that applicable from 1st oct. or the old one??



Thanks
Profile Image

Rajeev

Profile Image

Rajeev (Expert)
09 October 2009 exempt u/s 10(10D)

not aware about exams -sorry
Profile Image

Deepak Goel

Profile Image

Deepak Goel (Expert)
10 October 2009 amount received on maturity of LIC is exempt
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

MAHENDRA KUMAR BAGRECHA

Profile Image

MAHENDRA KUMAR BAGRECHA (Expert)
10 October 2009 It is exempted u/s 10(10D) of IT Act,1961

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links