Deduction

This query is : Resolved

Dipesh (Querist)
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02 March 2015 Dear All,

return in the form of interest/Bonus against investment u/s. 80c, 80CCC, 80CCD is taxable or exempt. i.e. Income received after LIC policy matured. this income is taxable or Non-taxable or exempt

Pls give suggession.

Thanks in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 March 2015 Depends on the specific investment. Like Interest from PPF is exempt, LIC maturity receipt is exempt, Interest on Tax Saving FD is not exempt, interest on NSC is not exempt. So depends on the specific investment.