Poonawalla fincorps
Poonawalla fincorps

Income tax on lic's maturity amount

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(Querist)
10 September 2015 Whether LIC's maturity amount is taxable or not.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 September 2015 Exempt u/s 10(10D).

Please refer policy documents and section 10(10D) for details.

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