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Receipt From Lic money back policy

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(Querist)
15 July 2008 Is Receipt from lic money back policy(term - 5years) taxable or exempted? if exempted, under what section?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
15 July 2008 Receipt from Money Back policy with a term of 5 years is exempt. Refer section 10(10D).

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