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Sankar Chakraborty (Querist)
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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 ?

Guest

Guest (Expert)

14 March 2012 The above income is exempt u/s 10 (10) (D).

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