Easy Office
Easy Office

Lic maturity

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2016 One time premium 15 lacs invested in Lic policy in 2011, sum assured 20 lacs , is intermediate money back of rs 3 lacs receipt in asst 2016.17 taxable?
Profile Image

Unnikrishnan B

Profile Image

Unnikrishnan B (Expert)
18 September 2016 I think it is taxable as premium amount crosses 20% of the maturity amount as in the year 2011.

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links